Wipro aims to smoke peace pipe with former top executives
Srinivas Pallia replaced Thierry Delaporte in the corner room of Bengaluru-headquartered Wipro Ltd, the company is attempting to settle lawsuits it had filed against two former senior executives, according to a review of court filings and two executives aware of the development. Jatin Dalal, former chief financial officer of Wipro, and Mohd Ehteshamul Haque, the company’s former senior vice president and head of healthcare and medical devices business, were sued by India’s fourth-largest IT services company for breach of employment contracts. Both had joined rival Cognizant Technology Solutions Corp less than 12 months after resigning from Wipro.
The company has now initiated processes in the courts to close the lawsuits. Dalal, who quit as CFO on 21 September 2023, joined Teaneck, US-headquartered Cognizant last December. Earlier, in August 2023, Haque had joined Cognizant as its chief commercial officer shortly after leaving Wipro in June 2023.
“I believe the change of leadership has promulgated a different approach to former executives," said Ray Wang, founder of Constellation Research, a California-based technology research and advisory firm. “The services business ultimately comes down to relationships and capability. A combative approach is a short-term approach, not a long-term approach.
Great companies know that their alumni can be a great asset when treated well. I believe that Srini and the team are taking a different and wise approach," added Wang. Wipro had sought ₹25.1 crore in damages from Dalal in a suit filed in Bengaluru civil court.
Read more on livemint.com
