India
Thierry Delaporte has assumed the post of Wipro's new Chief Executive Officer (CEO) and Managing Director (MD) from 6 July.
According to a report by MoneyControl, 53-year-old Delaporte will replace Abidali Neemuchwala who left on 1 June after resigning from the post in January this year.
Delaporte will hold the position as CEO and MD of Wipro for a period of 5 years that will end on 5 July 2025. The report mentions that the annual package, including stock compensation and other benefits, of Delaporte is estimated at Rs 37.9 crore.
Delaporte was previously the COO of the Capgemini Group. In the company, he held several leadership roles including that of CEO of the Global Financial Services Strategic Business Unit, and head of all global service lines, Times Now reported. He also oversaw operations of Capgemini India.
The report quoted Wipro Chairman Rishad Premji saying, "We believe that Thierry is the right person to lead Wipro in its next phase of growth."
A report by Economic Times says that Delaporte will be first non-Indian Chief Executive at Wipro. Wipro has lost its third position to HCL technologies in the last fiscal year.
The company that Delaporte will be joining as a CEO has seen four chief executives, including two joint CEOs, in the last decade, has lagged its peers in growth, the ET report added.
Delaporte said he is honored to have the opportunity to lead Wipro Limited. "With ambition, a growth-oriented mindset and constant investments in our people and in emerging technologies, the fundamentals are in place for the next phase of growth for Wipro, and I'm excited to be in charge of that," he wrote on LinkedIn.
Delaporte added that as the world emerges from the COVID-19 crisis, he is confident Wipro will continue to be 'the trusted technology services partner for its customers.'
Updated Date: July 06, 2020 21:02:05 IST
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Updated: May 29, 2020 11:04 IST
Tech consulting and business process services firm Wipro Limited has appointed Thierry Delaporte as it's new Chief Executive Officer and Managing Director. The appointment is effective from July 6, 2020.
In a regulatory filing in Friday morning, Wipro said: "Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemini Group and a member of its Group Executive Board. During his 25-year career with Capgemini, he held several leadership roles including that of Chief Executive Officer of the Global Financial Services Strategic Business Unit, and head of all global service lines. He also oversaw Capgemini’s India operations, and led the group’s transformation agenda, conceptualising and driving several strategic programs across various business units."
Mr. Delaporte will be based in Paris, and will report to Chairman Rishad Premji. The company's current CEO and MD Abidali Neemuchwala will relinquish his position as CEO and MD on June 1.
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Chairman Rishad Premji will oversee the day-to-day operations of the company until July 5.
Welcoming the new top executive, Rishad Premji said, "I am delighted to welcome Thierry as CEO and Managing Director of the company. Thierry has an exceptional leadership track record, strong international exposure, deep strategic expertise, a unique ability to forge long-standing client relationships, and proven experience of driving transformation and managing technological disruption. We believe that Thierry is the right person to lead Wipro in its next phase of growth."
Commenting on his appointment, Mr. Delaporte said, “I am deeply honoured to be invited to lead Wipro, an extraordinary company and an exemplary corporate citizen with a deep technology heritage built on a strong foundation of values. I look forward to working closely with Rishad, the Board, senior leadership and the hugely talented employees of Wipro to turn a new chapter of growth and build a better tomorrow for all our stakeholders.”
Mr. Delaporte has a Bachelor’s degree in Economy and Finance from Sciences Po Paris and a Masters in Law from Sorbonne University. He is also the co-founder and president of the not-for-profit organisation Life Project 4 Youth, as per the filing.
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IT services major Wipro on Friday said it has appointed Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective July 6, 2020.
In January this year, the company had said its CEO and Managing Director Abidali Z Neemuchwala had decided to step down from the company. Abidali Neemuchwala will relinquish his position as CEO and MD on June 1.
Rishad Premji will oversee the day-to-day operations of the company until July 5, Wipro said in a statement.
"Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemini Group and a member of its group executive board. During his 25 year career with Capgemini, he held several leadership roles," it said.
He also oversaw Capgemini's India operations, and led the group's transformation agenda, conceptualising and driving several strategic programs across various business units, it added.
"Thierry has an exceptional leadership track record, strong international exposure, deep strategic expertise, a unique ability to forge long-standing client relationships, and proven experience of driving transformation and managing technological disruption. We believe that Thierry is the right person to lead Wipro in its next phase of growth," Rishad Premji, Chairman of Wipro, said.
Delaporte will be based in Paris and will report to Rishad Premji.
"I look forward to working closely with Rishad, the board, senior leadership and the hugely talented employees of Wipro to turn a new chapter of growth and build a better tomorrow for all our stakeholders," Delaporte said.
Delaporte began his career in 1992 as a Senior Auditor with Arthur Andersen in Paris and London. He is also the co-Founder and President of the not-for-profit Life Project 4 Youth, an organisation dedicated to the professional and social integration of young adults living in impoverished regions.
Wipro Limited has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6, 2020. Notably, Abidali Neemuchwala will relinquish his position as CEO and MD on June 1. Till Delaporte joins the company, Rishad Premji will oversee the company's operations.
Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemini Group and a member of its Group Executive Board. During his twenty-five year career with Capgemini, he held several leadership roles including that of Chief Executive Officer of the Global Financial Services Strategic Business Unit, and head of all global service lines. He also oversaw Capgemini's India operations, and led the group's transformation agenda, conceptualising and driving several strategic programmes across various business units.