Wipro appoints Malay Joshi as CEO of its largest market Americas 1
Wipro Ltd appoints company veteran Malay Joshi as the chief executive officer (CEO) of its largest and fastest-growing market, Americas 1, the company informed the stock exchanges. Joshi will succeed current Wipro CEO Srinivas Pallia, who headed the market unit from January 2021 until his promotion a few days back.
Joshi, who has spent almost three decades in the Bengaluru-based IT firm, will take over his role immediately. He will also be inducted into the Wipro executive board, as per the company release.
In his previous capacity, Joshi was the senior vice-president (SVP) and global business head, leading the communications, media, tech, retail, travel, hospitality and public sector industries. Joshi has served in various roles pertaining to the media and communications verticals within Wipro.
He started his employment in Wipro as the regional manager - communications, media & entertainment industry Europe in 1996 and has also served as the global head of sales (media) and that of the new age, media and education verticals at Wipro. “I am looking forward to leading our talented team toward a future where we can harness the power of technology to continue to enhance our value proposition for our clients and communities," said Joshi, who will be based out of Wipro’s New York office.
The Americas 1 strategic market unit — comprising the entire business of Latin America and the industry sectors in the United States of America such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms — is Wipro’s biggest cash cow as of the three months ended 31 December 2023. The market unit contributed 31%,
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