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Delaporte quits as Wipro CEO, Srinivas Pallia is new chief

6Apr

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Business

Delaporte quits as Wipro CEO, Srinivas Pallia is new chief

NEW DELHI: Indian IT major Wipro Saturday announced the resignation of Thierry Delaporte as CEO and named Srinivas Pallia as the new Chief Executive Officer of the company, effective immediately.The announcement comes days before the Bengaluru-headquartered company is scheduled to announce its Q4 and full-year earnings for 2023-24 on April 19. Wipro has been trailing its peers on the performance front with subdued report card and weak guidance and saw a spate of senior-level departures, including CFO Jatin Dalal and chief growth officer Stephanie Trautman, last year.According to a Wipro release, Pallia brings to the CEO role extensive institutional and industry knowledge, as well as a strong track record of leadership through some of the most significant technological shifts the industry ...

Wipro CEO Thierry Delaporte Resigns, Srini Pallia Replaces Him With Immediate Effect

File photo of Wipro CEO Thierry Delaporte.Srini Pallia succeeds Thierry Delaporte as Wipro's CEO, who after spearheading a significant transformation at Wipro for the last four years, is stepping down to pursue passions outside the workplaceIT major Wipro on Saturday said Thierry Delaporte has resigned as the company’s CEO and MD. Srini Pallia replaces him with immediate effect, according to a BSE filing.“He (Srini Pallia) succeeds Thierry Delaporte, who after spearheading a significant transformation at Wipro for the last four years, is stepping down to pursue passions outside the workplace,” the company said in the filing.Wipro Chairman Rishad Premji said Thierry will continue until the end of May, working closely with Srini and me to ensure a smooth transition.“Srini will be based in N...

Who is Srini Pallia, Wipro’s new CEO & MD? All you want to know about him

Wipro has appointed Srini Pallia as its new Chief Executive Officer and Managing Director from immediate effect. In a company statement, IT giant Wipro said the current CEO Thierry Delaporte will be stepping down from the position, but will continue till May-end, working closely with Srini and Rishad Premji to ensure a smooth transition.Commenting on his appointment, Srini Pallia said, “Wipro is one of those rare companies that combines profit with purpose, and I am truly honored to have been chosen to lead this iconic institution.”So who is Wipro’s new CEO Srini Pallia?Srini, a veteran of Wipro for over three decades, has recently served as CEO for Americas 1, the company's largest and fastest-growing strategic market.According to Wipro, during his tenure, he led various industry sectors...