Infosys Appoints Ashiss Kumar Dash as CEO Designate, Approves Q1 FY27 Results
Infosys appointed Ashiss Kumar Dash as CEO Designate, effective July 23, 2026, with plans for him to become CEO & MD from April 1, 2027. The Board approved Q1 FY27 financial results and granted 9,836 RSUs to new hires.
The appointment of a new CEO is a significant event for a company of Infosys's scale, impacting its strategic direction and future performance.
The appointment of a new CEO designate and the approval of financial results are generally viewed positively by the market, indicating stability and forward planning.
Infosys Limited announced the outcome of its Board meeting held on July 22-23, 2026. The Board approved the audited consolidated and standalone financial results for the quarter ended June 30, 2026.
In a significant leadership development, the Board appointed Ashiss Kumar Dash as the Chief Executive Officer Designate, effective July 23, 2026, until March 31, 2027. The company also intends to appoint him as the Chief Executive Officer and Managing Director effective April 1, 2027, subject to statutory approvals. Dash, with over three decades of experience at Infosys, will succeed Salil Parekh whose second term concludes on March 31, 2027.
The Board also approved the grant of 9,836 Restricted Stock Units (RSUs) under the 2015 Incentive Compensation Plan to eligible new hires, vesting over three years. Additionally, 4,77,767 equity shares were allotted due to the exercise of RSUs by employees.
Further, the company approved the incorporation of a step-down wholly-owned subsidiary in Singapore and amendments to its Enterprise Risk Management policy. The Board meeting commenced at 1:30 PM IST and concluded at 3:38 PM IST on July 23, 2026.
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