Wipro announces leadership transition: Srini Pallia to lead as CEO and MD
In a significant corporate development, Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global technology services and consulting firm, today announced the appointment of Srini Pallia as the Chief Executive Officer (CEO) and Managing Director (MD), effective immediately. This strategic move comes as Thierry Delaporte steps down from the helm after four transformative years at Wipro to pursue other passions.
Srini Pallia, a Wipro stalwart with over three decades of service, recently held the position of CEO for Americas 1, Wipro’s largest and rapidly growing market segment. Under his leadership, the company saw notable growth and expansion in diverse industry sectors, bolstering its market presence. As a respected member of the Wipro Executive Board, Pallia’s extensive experience and deep institutional knowledge position him as the ideal candidate to navigate Wipro through its next phase of growth and innovation.
Rishad Premji, Chairman of Wipro Ltd., lauded Pallia’s appointment, highlighting his client-centric approach, growth mindset, and unwavering commitment to the company’s values as key attributes that make him the perfect fit for leading Wipro forward. “Srini is an ideal leader to lead Wipro at this pivotal moment for our company and industry,” Premji stated, acknowledging the critical role Pallia has played in Wipro’s journey thus far.
Thierry Delaporte expressed his gratitude for the opportunity to lead Wipro through a period of significant transformation and is confident in Pallia’s capabilities to steer the company towards greater successes. Delaporte’s tenure at Wipro was marked by a series of strategic initiatives that have strengthened the company’s market positioning and operational efficiency, laying a solid foundation for future growth.
Srini Pallia, reflecting on his new role, expressed his honor in leading Wipro and his eagerness to build upon the robust foundation established by Delaporte. With a comprehensive understanding of Wipro’s 78-year history and a deep appreciation for its team of over 240,000 associates, Pallia is poised to drive Wipro’s growth trajectory into the future.
Holding a bachelor’s degree in engineering and a master’s in management studies from the Indian Institute of Science, Bangalore, along with executive education from Harvard Business School and McGill Executive Institute, Pallia brings a wealth of knowledge and leadership expertise to his new role as CEO. Based in New Jersey, he will report directly to Chairman Rishad Premji, ensuring a seamless transition and continuity in Wipro’s strategic direction.
This leadership transition at Wipro Limited represents a pivotal moment in the company’s history, as it seeks to capitalize on emerging opportunities and navigate the challenges of a rapidly evolving technology landscape. With Srini Pallia at the helm, Wipro is well-positioned to continue its trajectory of growth and innovation, reinforcing its status as a leading player in the global technology services and consulting arena.