Zurich, Switzerland – February 19, 2016
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced the appointment of Michael Pesch as Chief Executive Officer of Infosys Consulting Holding AG (formerly Infosys Lodestone), strengthening its focus on creating an integrated, consulting-led business to help clients renew their existing IT landscapes non-disruptively, while simultaneously bringing innovation and new technologies to their businesses. In his role, Michael will focus on expanding the reach of Infosys consultants and experts in digital transformation and design-led innovation, as well as increasing Infosys’ expertise in large-scale SAP programs. He will also serve as the Regional Head for the DACH countries, bringing an integrated approach to IT transformation to every client engagement in the region.
Infosys Consulting leads the Infosys Aikido service offerings, including working with clients to leverage the knowledge and knowhow of long lived systems (Ki); bring new, open platforms to bear that drive automation and innovation (Ai); and to help them find the most important problems to solve (Do). Infosys consultants have conducted more than 150 design thinking workshops and are actively engaged with more than 50 leading global companies in defining and implementing transformation programs leveraging Aikido.
Michael brings with him more than two decades of experience in global consulting and management roles and till very recently served as Chief Executive Officer of arvato Systems Group. During his tenure at arvato, he successfully established new cloud oriented services and led fourfold growth of consulting and IT services business across Europe, U.S. and China. As Chief Executive Officer of Infosys Consulting Holding AG, Michael will be responsible for Infosys’ consulting practice in Europe, Latin America and the Asia Pacific Region and will report into Sanjay Purohit, Global Head of Infosys Consulting.
Speaking on the appointment, Sanjay Purohit, Executive Vice President and Global Head of Infosys Consulting said, “Over the last several months, we have reinvigorated our global consulting business, strengthening our team and capabilities. We are working with global corporations in more than 20 countries, developing unique solutions to address their complex business challenges using ground-breaking new capabilities in Design Thinking and landscape transformation, creating unprecedented value for them. Michael’s appointment as CEO of Infosys Consulting Holding AG adds to our strong leadership in Europe and will bring new vigor in our global consulting business.”
This appointment is effective from April 1, 2016.
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$ 9.2 billion in LTM revenues and 193,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2015. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is January 14, 2016, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
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