Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company
Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020
New Delhi: Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020.
After a firm opening, scrip of the IT services major further rose 3.73 percent to Rs 206.75 on BSE. It advanced 3.73 percent to Rs 206.80 on NSE.
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In January this year, the company had said its CEO and Managing Director Abidali Z Neemuchwala had decided to step down from the position. Abidali Neemuchwala will relinquish his designation as CEO and MD on 1 June.
Rishad Premji will oversee the day-to-day operations of the company until 5 July, 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.
IT czar Azim Premji has said his son Rishad will never be the Chief Executive of his company Wipro, but will represent promoter ownership on the company's board.
Rishad Premji has been a member of Nasscom's Executive Council and was the vice chairman for 2017-18, Nasscom said in a statement
Wipro Chairman Azim Premji's salary drops 63% to $1,21,853 in FY17, CEO Neemuchwala's up 16% to $2.09 mn
The high compensation for leaders in the tech sector also come under spotlight after Infosys founder N R Narayana Murthy had questioned pay hikes for senior executives at the Bengaluru-based firm.