HR Movements: 11 Dec, 2017

1.

IDFC Bank’s Ajay Pandey to join L&T Finance

Pandey will join the HR leadership team at L&T Finance Holdings in the third week of December and will report to Sunil Prabhune, chief executive - rural finance & CHRO. 

Ajay Pandey, who quit IDFC Bank as the senior director-HR, is all set to join the HR leadership team at L&T Finance Holdings. Headed by Dinanath Dubhashi, who’s the MD & CEO at L&T Finance Holdings, the Company is looking at strategic restructuring and hiring, and Pandey is a significant move towards strengthening the HR function.

L&T Finance has undergone a huge turnaround under the able leadership of Dubhashi, and as it is looking at yet another leap, strengthening the HR team could come in handy. Confirming his movement to HRKatha, Pandey shares that his decision to join L&T Finance is based on the fact that he saw a tremendous opportunity to partner with business. “Sunil is someone who believes that HR is not just a support function but a strong business arm that has the power to impact business results, and this is what attracted me towards joining his team,” he says.

2.

Salil Parekh appointed as Infosys CEO and MD

Salil Satish Parekh has been instrumental for the success of Capgemini the company which started to scale under his leadership. He takes over as the new CEO and MD of Infosys effective January 2018.

Putting an end to the search that lasted for nearly two months, Salil Parekh has been finally chosen and named the CEO and Managing Director of Infosys. 

Salil Parekh, 53, a former member of the Group Executive Board at Capgemini is to take charge of Infosys on January 2, 2018, for a period of five years. 

This is the second time that Infosys has chosen an external candidate to lead its operations. Vishal Sikka was the first non-founder CEO. But he resigned in August, subsequent to which chief operating officer Pravin Rao became the interim-MD and CEO. He will now step down from his role but will continue as the chief operating officer and a whole time director until August 2022. 

3.

Grab appoints Vikas Agarwal as CTO

This appointment will enable the Grab's e-wallet platform - GrabPay to scale faster across the South East Asia in 2018.

Grab, one of the leading on-demand transportation and mobile payments platforms in Southeast Asia has appointed Vikas Agrawal as Chief Technology Officer (CTO) for GrabPay, its mobile payments platform. 

Vikas joins Grab from PayTM, India’s largest mobile payments and commerce platform, where he was the Senior Vice President of Engineering. This appointment will accelerate GrabPay’s growth as it expands across Southeast Asia with the goal of becoming the region’s #1 payments platform.