New Delhi: Indian IT major wipro announced it on saturday resign Thierry Delaporte named as CEO Srinivas Palia As the new Chief Executive Officer of the company, with immediate effect.
The announcement comes days before the Bengaluru-headquartered company is scheduled to announce its fourth quarter and full-year earnings for 2023-24 on April 19. Wipro has been lagging behind its peers on the performance front with a weak report card and weak guidance and has seen a rise. Senior level departures last year included CFO Jatin Dalal and Chief Growth Officer Stephanie Trautman.
According to a release from Wipro, Palia brings to the role of CEO extensive institutional and industry knowledge as well as a strong track record of leadership through some of the most significant technological shifts seen in the industry.
In a BSE filing on Saturday, Wipro said its board has taken note of Delaporte’s resignation with effect from April 6, 2024, and also said he will be relieved from the employment of the firm with effect from the close of business hours on May 31. 2024.”At their meeting held on April 6, 2024…As per the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Srinivas Palliya as CEO and MD of the Company for a period from April 7, 2024 .A period of five years, subject to the approval of the shareholders and the Central Government, as applicable (sic),” Wipro informed in an exchange filing.
The $11.2 billion global IT, consulting and business process services company competes in the global outsourcing market with Tata Consultancy Services, Infosys, HCL Technologies, Cognizant and other international and domestic IT players.
The announcement comes days before the Bengaluru-headquartered company is scheduled to announce its fourth quarter and full-year earnings for 2023-24 on April 19. Wipro has been lagging behind its peers on the performance front with a weak report card and weak guidance and has seen a rise. Senior level departures last year included CFO Jatin Dalal and Chief Growth Officer Stephanie Trautman.
According to a release from Wipro, Palia brings to the role of CEO extensive institutional and industry knowledge as well as a strong track record of leadership through some of the most significant technological shifts seen in the industry.
In a BSE filing on Saturday, Wipro said its board has taken note of Delaporte’s resignation with effect from April 6, 2024, and also said he will be relieved from the employment of the firm with effect from the close of business hours on May 31. 2024.”At their meeting held on April 6, 2024…As per the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Srinivas Palliya as CEO and MD of the Company for a period from April 7, 2024 .A period of five years, subject to the approval of the shareholders and the Central Government, as applicable (sic),” Wipro informed in an exchange filing.
The $11.2 billion global IT, consulting and business process services company competes in the global outsourcing market with Tata Consultancy Services, Infosys, HCL Technologies, Cognizant and other international and domestic IT players.
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