Wipro, an IT corporation, has disclosed the resignation of its CEO Thierry Delaporte, as per a recent exchange filing. Effective from April 6, 2024, Delaporte’s resignation was acknowledged by the company’s Board of Directors, with his tenure concluding on May 31, 2024. Srinivas Pallia has been nominated by the Board to take over as the CEO and Managing Director, following a meeting held on April 6, 2024, that ended at 7 PM. This decision, recommended by the Nomination and Remuneration Committee, sees Pallia’s term beginning from April 7, 2024, for five years, pending shareholder and Central Government approvals.

The company emphasized that Pallia, in alignment with regulatory stipulations, is not restricted from serving as a director by any order from SEBI or any other authoritative body.

Delaporte, a 56-year-old French national with a rich 30-year history in the global IT landscape, previously held the position of Chief Operating Officer at Capgemini. He ascended to the role of CEO and Managing Director of Wipro in July 2020, bringing with him a vast reservoir of experience. Under his guidance, Wipro witnessed considerable transformation, contributing to its financial growth and enhancing its impact on stakeholders. Thierry Delaporte’s annual remuneration previously positioned him as the highest-paid CEO within the Indian IT sector, with earnings of over Rs 82 crore.

In his resignation letter, Thierry Delaporte expressed his gratitude for the opportunity to contribute to Wipro’s success and pledged his availability to the company until the end of May 2024.

Srinivas Pallia, the incoming CEO and Managing Director, has an extensive three-decade tenure at Wipro, demonstrating a deep familiarity with the company’s operations across various regions, sectors, and business divisions. His previous roles include President of the Consumer Business Unit and Global Head of Business Application Services. Notably, as CEO for Americas 1, Wipro’s primary market, Pallia led numerous industry sectors, driving strategic initiatives and growth. His educational background features an engineering bachelor’s degree and a master’s in management studies from the Indian Institute of Science, Bangalore, complemented by executive programs at Harvard Business School and McGill Executive Institute.

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