Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
technology services and consulting company, today announced the
appointment of Srini Pallia as the Chief Executive Officer and
Managing Director of the Company, effective immediately. He
succeeds Thierry Delaporte, who, after spearheading a significant
transformation at Wipro for the last four years, is stepping down
to pursue passions outside the workplace.
Srini has been with Wipro for over three decades and most
recently served as the CEO for Americas 1, Wipro's biggest and
fastest growing strategic market. In this role, he oversaw diverse
industry sectors, established their vision, and implemented growth
strategies, resulting in increased market shares within these
sectors. Srini is a member of the Wipro Executive Board.
“Srini is an ideal leader to lead Wipro at this pivotal moment
for our company and industry. Over the past four years, Wipro has
undergone a major transformation under the most challenging
external conditions. Srini has been an integral part of this
journey. His client-centric approach, growth mindset, strong
execution focus, and his commitment to Wipro's values, make him the
perfect fit as we enter the next chapter of growth and
profitability,” said Rishad Premji, Chairman, Wipro Ltd.
“I’d like to express my gratitude to Thierry for his leadership
at Wipro. The changes he implemented have better positioned us for
the future. We have optimized our structure, enhanced our
leadership, prioritized partnerships, and improved our overall
efficiency. This provides a strong foundation for Srini to
effectively build upon.”
“Thierry will continue until the end of May, working closely
with Srini and me to ensure a smooth transition,” added Rishad
Premji.
Srini joined Wipro in 1992 and has held many leadership
positions, including President of Wipro’s Consumer Business Unit
and Global head of Business Application Services. Srini brings to
the CEO role extensive institutional and industry knowledge, as
well as a strong track record of leadership through some of the
most significant technological shifts the industry has seen.
Commenting on his appointment, Srini Pallia said, “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 I have a deep appreciation of our
78-year history and our incredible team of more than 240,000
associates. We have the right strategy, and tremendous people and
capabilities throughout the organization, and I am excited about
the opportunities for future growth.”
Thierry Delaporte said, “I'm grateful to Rishad and the Board
for the opportunity to lead Wipro through 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 of
Americas 1 and has become an important strategic partner to our
clients. As I pass the torch to Srini, I'm confident he'll continue
our journey, steering us to greater heights.”
Srini holds a bachelor’s degree in engineering, and a master’s
in management studies from Indian Institute of Science, Bangalore.
He graduated from Harvard Business School’s Leading Global
Businesses executive program, and the Advanced Leadership Program
at McGill Executive Institute.
Srini will be based in New Jersey and report to Chairman Rishad
Premji.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading
technology services and consulting company focused on building
innovative solutions that address clients’ most complex digital
transformation needs. Leveraging our holistic portfolio of
capabilities in consulting, design, engineering, and operations, we
help clients realize their boldest ambitions and build
future-ready, sustainable businesses. With over 240,000 employees
and business partners across 65 countries, we deliver on the
promise of helping our customers, colleagues, and communities
thrive in an ever-changing world. For additional 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 outside Wipro’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 readers
that the forward-looking statements contained herein are subject to
risks and uncertainties that could cause actual results to differ
materially from the results anticipated by such statements. Such
risks and uncertainties include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue 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, wage increases in India,
our ability to attract and retain highly skilled professionals,
time and cost overruns on fixed-price, fixed-time frame contracts,
client concentration, restrictions on immigration, our ability to
manage our international operations, reduced demand for technology
in our key focus areas, disruptions in telecommunication networks,
our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental 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 could affect our future operating results
are more fully described in our filings with the United States
Securities and Exchange Commission, including, but not limited to,
Annual Reports on Form 20-F. These filings 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 Securities and Exchange Commission
and our reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us
or on our behalf.
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version on businesswire.com: https://www.businesswire.com/news/home/20240406297187/en/
Wipro Media Contact: Sanuber Grohe
sanuber.grohe@wipro.com
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