Wipro CEO Thierry Delaporte resigns :
Majoring in IT, Indian On Saturday, Wipro announced that Thierry Delaporte would be leaving his position as CEO and appointing Srinivas Pallia to take over as CEO, starting immediately.
The news is made just a few days before the Bengaluru-based company’s April 19 presentation of its Q4 and full-year 2023–2024 profits. Wipro has been performing worse than its competitors, as evidenced by a dull report card and vague expectations. Last year, the company lost several key executives, including chief growth officer Stephanie Trautman and CFO Jatin Dalal.
According to a Wipro statement, Pallia has guided the company through some of the biggest technological changes it has ever experienced and brings a wealth of institutional and industry knowledge to the CEO position.
The Board of Directors approved Srinivas Pallia’s appointment as the Nomination and Remuneration Committee’s recommendation at their meeting on April 6, 2024.
Who is Srinivas Pallia, the new CEO and MD of Wipro?
The Company’s Managing Director and Chief Executive Officer, from April 7, 2024, for a term of five years, contingent upon approval from shareholders and the Central Government, if applicable,” Wipro stated in an exchange statement.
He is successful. Thierry Delaporte, who has led a major transformation at Wipro over the past four years, is leaving the firm to follow interests outside of work,” the 65-country company, which employs 240,000 people, stated.
“During my tenure as CEO and MD, we have witnessed a significant transformation within the company that has not only driven financial growth but has also positively impacted our associates, clients, and shareholders,” Delaporte wrote in his resignation letter to the Board. He wished the business continued success and prosperity in the future. “It has been an incredible honor, and I am grateful for the opportunity to,” Delaporte wrote.
Pallia has been with Wipro for over three decades and most recently served as the CEO for ‘Americas 1’ region, which is Wipro’s biggest and fastest growing strategic market.
