Infosys, India's second largest IT firm, has appointed Michael Pesch as the new chief executive of its consulting arm Infosys Consulting Holding, which was formerly known as Infosys Lodestone. The appointment is effective from April 1, 2016.
Pesch's appointment comes at a time when the company is stepping up its efforts to increase revenues from new areas such as cloud computing and digital technologies.
Pesch will be responsible for Infosys' consulting practice in Europe, Latin America and the Asia Pacific region and will report to Sanjay Purohit, global head of Infosys consulting business, the company said in a statement.
The brand said Pesch will focus on expanding the reach of Infosys consultants and experts in digital transformation and design-led innovation, as well as on increasing Infosys' expertise in large-scale SAP programs.
He will also serve as the regional head of Germany, Austria, Switzerland (DACH) countries, bringing an integrated approach to IT transformation to every client engagement in the region, it added.
"Over the last several months, we have reinvigorated our global consulting business, strengthening our team and capabilities. 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," said Purohit.
The appointments are part of Infosys' CEO Vishal Sikka's strategy to put the company back on track to generate industry's leading growth rates in the coming quarters. Sikka aims to boost its revenues to $20 billion by 2020 from the current $8.7 billion recorded last fiscal year.