Corporate

Wipro CEO Thierry Delaporte Steps Down, Srinivas Pallia Takes Over

• ByStartupStory     |    April 8, 2024

In a significant development for Wipro Limited, Thierry Delaporte, the current CEO and MD, is set to step down from his role on April 6th. The company, in a statement to the exchanges, revealed that Srinivas Pallia will take over the reins of leadership.

Unlike his predecessor, Delaporte, who was recruited from Capgemini, Pallia is a seasoned Wipro veteran with over three decades of service at the Azim Premji-promoted firm. Pallia’s appointment follows a distinguished career within Wipro, including his recent role as CEO for Americas 1, where he demonstrated exceptional leadership and strategic acumen.

The decision to transition leadership comes amidst a period of underperformance for Wipro, with concerns raised over its competitive standing in the market. Despite challenges, Rishad Premji, the Chairman of Wipro, expressed confidence in Delaporte’s leadership, stating, “Thierry had his confidence.”

Reflecting on his tenure, Delaporte remarked, “During my tenure as CEO and MD, we have witnessed a significant transformation within the company that has not only driven financial growth but has also positively impacted our associates, clients, and shareholders.”

The transition in leadership follows a series of top-level exits from Wipro, including key figures such as Stephanie Trautman, Jatin Dalal, and Sanjeev Singh, among others. Commenting on Pallia’s appointment, Premji highlighted his client-centric approach, growth mindset, and commitment to Wipro’s values as essential attributes for the role.

Acknowledging Delaporte’s contributions, Premji stated, “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.”

Delaporte is set to continue until the end of May, facilitating a smooth transition alongside Pallia and Premji. The change in leadership comes against the backdrop of Wipro’s recent financial performance, which saw a fourth consecutive quarter of falling profits and adjusted revenue growth guidance for the fourth quarter.

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