Wipro, a prominent player in the tech industry, has undergone a significant leadership change as Thierry Delaporte, the CEO and MD, has tendered his resignation. This unexpected departure has paved the way for Srinivas Pallia to step into the role of Wipro’s new MD and CEO, effective April 7, 2024. Delaporte, originally slated to conclude his tenure in July 2025, will officially step down from his position on May 31, 2024.
In response to Delaporte’s resignation, Wipro’s Board of Directors has approved Pallia’s appointment as the Chief Executive Officer and Managing Director for a five-year term starting from April 7, 2024, subject to necessary approvals. Pallia, a seasoned professional with over three decades of experience at Wipro, has previously served as the CEO for the company’s America region.
Rishad Premji, the chairman of Wipro, expressed confidence in Pallia’s capabilities, citing his client-centric approach, growth mindset, and unwavering commitment to Wipro’s values as instrumental factors in his appointment. Pallia’s extensive experience within the company, including leadership roles such as the president of Wipro’s consumer business unit and CEO of the Americas region, positions him well to lead Wipro into its next phase of growth and profitability.
The decision to appoint an internal candidate like Pallia signifies a shift in Wipro’s approach, moving away from hiring outsiders for key leadership positions. This strategic move aims to leverage Pallia’s deep understanding of Wipro’s culture and operations to drive positive change and address challenges effectively.
Despite challenges faced during Delaporte’s tenure, including a notable decline in revenue and profitability, Pallia’s appointment signals a renewed focus on steering the company towards sustainable growth and success. With his proven track record and intimate knowledge of Wipro’s operations, Pallia is poised to lead the company through its upcoming endeavors and drive impactful change across all regions.
As Wipro transitions to new leadership, the company remains committed to its vision of delivering exceptional value to its clients, associates, and shareholders, while staying true to its core values and principles.
