Wipro MD Thierry Delaporte resigns, Srinivas Pallia to succeed as CEO

livemint.com:

will take over as the new new CEO and MD from April 7, 2024, for a period of five years, said India's fourth-largest tech major in its statement on Saturday. Palia is a Wipro veteran and has spent over three decades at Wipro.

‘’At their meeting held on April 6, 2024, which concluded at 7 PM, pursuant to the recommendation of the Nomination and Remuneration Committee, the Board of Directors has approved the appointment of Srinivas Pallia as the Chief Executive Officer and Managing Director of the Company with effect from April 7, 2024 for a period of five years, subject to approval of shareholders and the Central Government as may be applicable,'' said Wipro in its statement. Also Read: Srinivas Pallia takes over as new CEO of Wipro: 10 things to know about Thierry Delaporte's successor In this role, Pallia oversaw diverse industry sectors, established their vision, and implemented growth strategies, resulting in increased market shares within these sectors.

Pallia is a member of the Wipro Executive Board. Delaporte, in his resignation letter, said it was an ‘incredible honour to have played a role in the growth and success of Wipro’.

"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 was quoted as saying today. LiveMint reported in 2023, that Delaporte was not not worried about a series of senior management exits because he is trying to transform the company, and some people who are not aligned with these objectives would leave.