Wipro announced that its current CEO, Thierry Delaporte, will be leaving the company. Srini Pallia, a company veteran, will take over the role on April 7. Delaporte’s tenure was marked by value erosion in Wipro’s stock and an exodus of senior leadership. The decision comes after a closed-door meeting of Wipro’s key board members. The company has been criticized for underperformance and will announce its Q4FY24 financial results on April 19. Delaporte will assist with the transition until May-end.
Wipro announced the departure of its expatriate CEO Thierry Delaporte and the appointment of Srini Pallia as the new CEO. Delaporte, the first European executive to lead Wipro, will leave to pursue other interests outside the workplace. Pallia, a company veteran, will take charge on April 7. Wipro has been facing challenges and underperformance in recent years, and Delaporte’s tenure saw an exodus of senior leadership. The market saw the CEO transition coming, and experts believe that Pallia’s appointment brings stability to the company.
