2024-04-06 20:02:32
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology and consultancy services company, today announced the appointment of Srini Pallia as Chief Executive Officer and Managing Director of the Company with immediate effect. He succeeds Thierry Delaporte who, following leading a significant transformation at Wipro over the past four years, is stepping down to pursue his passions outside the workplace.
Srini has been with the company for over three decades and most recently was CEO of Americas 1, Wipro’s largest and fastest growing strategic market. In this role, he oversaw several industrial sectors, established their vision and implemented growth strategies, resulting in increased market shares in these sectors. Srini is a member of the Executive Board of Wipro.
“Srini is the ideal leader to lead Wipro at this crucial time for our company and the industry. Over the last four years, Wipro has undergone a major transformation under the most challenging external conditions. Srini has been an integral part of this journey. His customer-centric approach, growth mindset, strong focus on execution and his commitment to Wipro’s values make him the perfect choice as we enter the next chapter of growth and profitability,” said Rishad Premji, Chairman, Wipro Ltd.
“I would like to express my gratitude to Thierry for his leadership at Wipro. The changes he implemented have better positioned us for the future. We optimized our structure, improved our leadership, prioritized partnerships and improved our overall efficiency. This provides a solid foundation on which Srini can build effectively.”
“Thierry will continue until the end of May, working closely with me and Srini to ensure a smooth transition,” added Rishad Premji.
Srini joined Wipro in 1992 and has held various leadership roles, including president of Wipro’s Consumer business unit and global head of Business Application Services. Srini brings to the role of CEO extensive institutional and industry knowledge, as well as a strong track record of leading some of the most significant technological changes the industry has ever seen.
On her appointment, Srini Pallia commented as follows: “Wipro is one of those rare companies that combines profit with purpose and I am truly honored to have been chosen to lead this iconic institution. I am excited to build on the strong foundation established by Thierry and lead Wipro on its next growth trajectory. I have built my entire career at Wipro and deeply appreciate our 78-year history and our incredible team of over 240,000 associates. We have the right strategy and great people and capabilities across the organization, and I am excited regarding the opportunities for future growth.”
Thierry Delaporte said: “I am grateful to Rishad and the Board for the opportunity to lead Wipro during a period of significant transformation. I am proud of the solid foundation we have laid for Wipro’s future success. In the four years we have worked together, Srini has built a successful business in our largest market in the Americas 1 and has become an important strategic partner for our clients. By passing the torch to Srini, I am sure he will continue our journey, taking us to even greater heights.”
Srini holds a Bachelor’s degree in Engineering and a Master’s degree in Management Studies from the Indian Institute of Science, Bangalore. He is a graduate of Harvard Business School’s Leading Global Businesses executive program and the McGill Executive Institute’s Advanced Leadership Program.
Srini will be based in New Jersey and report to President Rishad Premji.
Sobre a Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology and consulting services company focused on developing innovative solutions that meet customers’ most complex digital transformation needs. Leveraging our integrated portfolio of capabilities in consulting, design, engineering and operations, we help clients realize their boldest ambitions and build sustainable, future-ready businesses. With more than 240,000 employees and business partners in 65 countries, we deliver on our promise to help our customers, colleagues and communities thrive in an ever-changing world. For more information, visit us at www.wipro.com.
Wipro Forward-Looking Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are, by their nature, inherently uncertain and beyond the company’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results and its plans, expectations and intentions. Wipro cautions you that such forward-looking statements contained herein are subject to risks and uncertainties that might cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, among others, risks and uncertainties relating to fluctuations in our earnings, revenues and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage , salary increases in India, our ability to attract and retain highly qualified professionals, excess time and costs in fixed-price, fixed-term contracts, customer concentration, immigration restrictions, our ability to manage our international operations, reduced demand for technology in our key areas of focus, telecommunications network disruptions, our ability to successfully complete and integrate potential acquisitions, liability for damages under our service contracts, the success of companies in which we make strategic investments, withdrawal of government tax incentives, political instability , war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.
Additional risks that might affect our future operating results are more fully described in our filings with the U.S. Securities and Exchange Commission (SEC), including, but not limited to, annual reports on Form 20-F. These records are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the SEC and in our reports to shareholders. We undertake no obligation to update any forward-looking statement that may be made from time to time by us or on our behalf.
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Contact:
Wipro Press Office:
Sanuber Grohe
[email protected]
Source: BUSINESS WIRE
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