Wipro notified the exchanges on April 6 that CEO Thierry Delaporte has resigned from his official role.The software services company announced that Srinivas Pallia has been appointed, with immediate effect, as the company’s chief executive officer and managing director.
He takes over from Thierry Delaporte, who is leaving Wipro after leading a dramatic change there for the past four years in order to pursue interests outside of work.
In contrast to Thierry, who joined Wipro four years ago after leaving Capgemini, Palia is a seasoned Wipro employee who has worked for the company for more than thirty years under Azim Premji’s mega firm.
“He (Delaporte) will be relieved from the employment of the Company with effect from the close of business hours on May 31, 2024,” Wipro stated.
Thierry resigned in the midst of Wipro’s poor quarters relative to competitors. In addition, a number of high-level departures occurred, despite Delaporte’s hiring of additional Capgemini leaders.
Chairman Rishad Premji emphasized that Thierry had his confidence on despite queries from shareholders and investors over its performance. In response to questions about whether the board supports the existing administration, Wipro Executive Chairman Rishad Premji told news aoutlet Moneycontrol on January 18 that Delaporte had the full support of the board.
“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 mentioned.
Chief Growth Officer Stephanie Trautman, Chief Financial Officer Jatin Dalal, Chief Operations Officer Sanjeev Singh, Americas 2 CFO Nithin V Jaganmohan, India Head Satya Easwaran, iDEAS Business Head Rajan Kohli, Vice President Gurvinder Sahni, Americas 1 CFO Kamini Shah, Head of Healthcare and Medical Device Unit Mohd Haque, and Head of Manufacturing and Hi-Tech Business Unit Ashish Saxena were among the over ten senior leadership members who had left the company in the year 2023.
