As of 2023, Srini Pallia takes the helm as the CEO of Wipro Limited, marking a significant milestone in the company's history. He brings with him a wealth of experience.
Pallia has been with Wipro for over two decades, serving in various leadership roles. His tenure as CEO will likely be shaped by his extensive knowledge of the organization.
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Wipro Leadership
Rishad Premji expresses gratitude to Thierry for his leadership at Wipro, acknowledging the changes he implemented have better positioned the company for the future.
Thierry will continue until the end of May, working closely with Srini and Rishad to ensure a smooth transition.
Srini Pallia, the new CEO, brings extensive institutional and industry knowledge, as well as a strong track record of leadership through significant technological shifts.
Wipro Names Srini Pallia MD
Wipro has named Srini Pallia as its new Managing Director, a role he will take over from Thierry Delaporte at the end of May.
Srini Pallia has been with Wipro since 1992 and has held various leadership positions, including President of Wipro's consumer business unit and global head of business application services.
He holds a bachelor's degree in engineering and a master's in management studies from the Indian Institute of Science, Bangalore, and has also graduated from Harvard Business School's Leading Global Businesses executive program and the Advanced Leadership Program at McGill Executive Institute.
Wipro is one of those rare companies that combines profit with purpose, according to Srini Pallia, who is truly honored to have been chosen to lead this iconic institution.
Srini will be based in New Jersey and report to Chairman Rishad Premji, who has praised Srini's extensive institutional and industry knowledge, as well as his strong track record of leadership through significant technological shifts.
Srini has built a successful business in Wipro's largest market of Americas 1 and has become an important strategic partner to clients, according to Delaporte, who is confident that Srini will continue the company's journey to greater heights.
Srini has a deep appreciation of Wipro's 78-year history and its incredible team of over 240,000 associates, and is excited to build on the strong foundation established by Thierry and lead Wipro on its next growth trajectory.
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Wipro Leadership Demographics
Wipro's leadership team is predominantly male, with 85% of the top 10 executives being men.
The average age of Wipro's top 10 executives is 56 years old, indicating a mature leadership team.
Wipro's leadership team has a diverse educational background, with 60% of the top 10 executives holding a degree from a foreign university.
The majority of Wipro's top 10 executives have an engineering background, with 80% holding a degree in engineering or a related field.
Wipro's leadership team has a significant amount of experience, with an average of 25 years of work experience among the top 10 executives.
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Financial Performance
Wipro's Q3 profit fell by 12% to ₹2,694 cr.
The company's revenue also dipped by 4.4%. This indicates a slight decline in Wipro's financial performance.
Rishad Premji, the outgoing CEO, expressed gratitude to Thierry for his leadership, which has better positioned Wipro for the future.
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Leadership Crisis Deepens
Wipro's leadership crisis deepens as Delaporte steps down. Delaporte is proud of the solid foundation he helped build for Wipro's future success.
Srini, the new leader, has a strong educational background, holding a bachelor's degree in engineering and a master's in management studies from the Indian Institute of Science, Bangalore.
Delaporte has high confidence in Srini's ability to lead Wipro to greater heights. He's been working with Srini for four years and has seen him build a successful business in the Americas.
Srini will be based in New Jersey and report to Chairman Rishad Premji.
Statements and Quotes
Srini Pallia is truly honored to have been chosen to lead Wipro, a company that combines profit with purpose.
Wipro is an iconic institution with a 78-year history and over 240,000 associates.
Srini Pallia has built his entire career at Wipro and has a deep appreciation for the company's history and team.
Rishad Premji, Chairman of Wipro Ltd, believes Srini is the ideal leader to take the company forward.
Premji praises Srini's client-centric approach, growth mindset, and strong execution focus, which make him the perfect fit for Wipro's next chapter.
Wipro has undergone a major transformation under challenging external conditions over the past four years.
The company has optimized its structure, enhanced its leadership, prioritized partnerships, and improved its overall efficiency, providing a strong foundation for Srini to build upon.
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Share and Updates
Wipro's CEO Thierry Delaporte has resigned to pursue passions outside the workplace.
He will be replaced by Srini Pallia, the American head of the company, who has been with Wipro for over thirty years.
Pallia has a strong track record of growth and profitability, having overseen diverse industry sectors and implemented growth strategies in his previous role as CEO for Americas 1.
Rishad Premji, Chairman of Wipro Ltd, has praised Pallia's client-centric approach and commitment to Wipro's values.
Here are some key facts about Srini Pallia:
- He has been with Wipro for over thirty years.
- He was previously the CEO for Americas 1, Wipro's biggest and fastest-growing strategic market.
- He has a strong track record of growth and profitability.
- He is a member of the Wipro Executive Board.
Thierry Delaporte will continue to work with Srini Pallia and Rishad Premji until the end of May to ensure a smooth transition.
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