I have no tolerance for divisiveness of any form: Salil Parekh, CEO, Infosys

As the board investigates the anonymous complaints, Infosys CEO Salil Parekh said he was committed to executing the Infosys strategy and had served with commitment and integrity.

BENGALURU: Infosys chief executive Salil Parekh said on Wednesday that he has served with “commitment and integrity” to transform the company and focused on inclusiveness at the IT services leader, in his first public statement after a whistleblower group accused him and chief financial officer Nilanjan Roy of financial malfeasance.

“As CEO, I have served with commitment and integrity to deliver a major business transformation in the large, complex organisation. Over the past two years, those who have worked with me know that I operate with inclusiveness and have no tolerance for divisiveness of any form,” Parekh said, while addressing analysts at the Infosys’ office in Bengaluru.

An anonymous whistleblower group, calling themselves Ethical Employees of Infosys, had accused Parekh and Roy of financial improprieties in letters to the Infosys board and the US Securities and Exchange Commission. The group accused the senior executives of adopting aggressive accounting practices and advising their team not to disclose large deals to the company board. ET was the first to report the development last month.

Parekh is the second non-founder chief executive at Infosys, who took over in January last year after predecessor Vishal Sikka quit following a public spat with Infosys founder NR Narayana Murthy. Parekh has set a three-year roadmap to transform Infosys.

“Salil (Parekh’s) commentary was on expected lines on the business growth and execution. But, the good thing was (he was) assertive in making a point about integrity,” said a senior equity analyst who closely tracks Infosys.

Last month, the firm said it was winning large deals across verticals and had maintained its top end guidance for the year ahead.

Parekh said on Wednesday that he respected the independent investigation that has been undertaken by the board and has recused himself from the process.

The Infosys CEO said he and company employees remained unperturbed by the fresh allegations and continued to focus on their work.

“I would like to thank the over 2,30,000 employees of Infosys for keeping their attention on the work we do for our clients; that work has always been the hallmark of Infosys. I would like to say to our clients that Infosys and I remain fully committed to working with them,” said Parekh.
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