Wipro CEO Thierry Delaporte steps down: Things You Need to Know
Wipro has announced a significant change in its leadership. Wipro CEO Thierry Delaporte has resigned from his position. The company disclosed this information through a regulatory filing, marking the end of Delaporte’s tenure. Effective April 6, 2024, Thierry Delaporte’s resignation will be effective until the close of business hours on May 31, 2024.
Who is replacing Wipro CEO Thierry Delaporte?
Replacing Thierry Delaporte is Srinivas Pallia, who will step into the role of the new CEO and Managing Director. This transition comes amidst a series of changes within the company’s leadership hierarchy. Pallia’s appointment reflects Wipro’s commitment to ensuring smooth continuity and effective governance.
Delaporte, a seasoned professional with over thirty years of experience in the global IT industry, hails from France. Before joining Wipro, he held the position of Chief Operating Officer at Capgemini, a renowned French IT company. Since taking charge as Wipro’s CEO and Managing Director in July 2020, Delaporte has steered the company with his extensive knowledge and expertise.
One of the notable aspects of Delaporte’s tenure was his salary package, which made headlines in the Indian IT sector. Last December, it was reported that Delaporte’s annual salary exceeded ₹82 crore, positioning him as the highest-paid CEO in the industry. This significant compensation underscored the value and leadership Wipro attributed to Delaporte’s role.
However, Delaporte’s departure is not an isolated event. Over the past year, Wipro has witnessed several high-profile exits from its leadership team. Notable among them is the resignation of Jatin Pravinchandra Dalal, the company’s Chief Financial Officer, who served for 21 years before stepping down. These departures, while marking the end of an era, also pave the way for new opportunities and fresh perspectives within the organization.
In light of these changes, Wipro remains committed to fostering internal talent and developing strong leaders from within. The company’s recent promotions of senior employees underscore its dedication to nurturing talent and ensuring a robust leadership pipeline. Despite challenges and transitions, Wipro continues to focus on its strategic goals and objectives, maintaining its position as a leading player in the technology landscape.
The change in leadership at Wipro signifies a new chapter in the company’s journey. As Srinivas Pallia takes on the mantle of CEO and Managing Director, Wipro embarks on a path of innovation, growth, and adaptability. With a rich legacy of excellence and a vision for the future, Wipro remains poised to overcome challenges and seize opportunities in the dynamic world of technology.
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