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Wipro Appoints Srini Pallia as CEO and Managing Director

Days before the announcement of January-March quarter 2023-24 financial results, the IT major Wipro Ltd today announced the appointment of Srini Pallia as the Chief Executive Officer (CEO) and Managing Director (MD) of the company, effective immediately. He succeeds Thierry Delaporte, who spent four years as CEO and MD of Wipro. Delaporte is stepping down to “pursue passions outside the workplace”, the company informs via stock exchanges. The Wipro stock had closed 0.47% down at ₹485.20 on the BSE on Friday.

Srini has been with Wipro for over three decades and most recently served as the CEO for Americas 1, Wipro’s biggest and fastest-growing strategic market. In this role, he oversaw diverse industry sectors, established their vision, and implemented growth strategies, resulting in increased market shares within these sectors. Srini is a member of the Wipro Executive Board.

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Rishad Premji’s Perspective on Srini’s Appointment

“Srini is an ideal leader to lead Wipro at this pivotal moment for our company and industry. Over the past four years, Wipro has undergone a major transformation under the most challenging external conditions. Srini has been an integral part of this journey. His client-centric approach, growth mindset, strong execution focus, and his commitment to Wipro’s values, make him the perfect fit as we enter the next chapter of growth and profitability,” says Rishad Premji, chairman, Wipro.

Rishad expresses gratitude to Thierry for his leadership at Wipro, mentioning the changes that have better positioned the company for the future. Thierry will continue working closely with Srini until the end of May to ensure a smooth transition.

Srini brings extensive institutional and industry knowledge to the CEO role and expresses his excitement to lead Wipro on its next growth trajectory. He emphasizes the company’s profit with purpose approach and highlights the strong foundation laid by Thierry.

Srini Pallia’s Background

Srini holds a bachelor’s degree in engineering, a master’s in management studies from the Indian Institute of Science, Bangalore, and has completed executive programs from Harvard Business School and McGill Executive Institute. He will be based in New Jersey and report to Chairman Rishad Premji.

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