Picked from a crowded field of candidates, Delaporte was a surprise choice. Now firms need to deliver innovation and strategic insights with global impact, helping their customers figure out new ways to capitalize on cloud computing, data analytics and artificial intelligence. In an interview with ET NOW after its second-quarter results, Paris-based Delaporte said he is working on making Wipro a leaner organisation. When he needs to think or wind down, Delaporte puts on his running shoes and hits the streets of Paris, clocking about 40 kilometers every week. The company’s stock has rallied about 70% since his appointment, most among India’s four largest outsourcing firms during that period. Wipro’s Restructuring Under CEO Thierry Delaporte According to the recent restructuring, Wipro’s new construction having four Strategic Market Units and … HCL Technologies, which leapt ahead of Wipro to take the third spot two years ago, witnessed a rise of 17% in revenues. Font Size. Wipro CEO Thierry Delaporte, in an email to employees, on Thursday stressed on organisational changes.There will be a newly-created role of chief growth officer who will play a key role in driving large deals and strengthening relationships with hyper-growth partners besides overseeing marketing, advisor/analyst relationships, sales excellence and sales enablement, Delaporte … Neemuchwala will remain at his post until a new CEO is appointed, the company said in a statement. His departure means an even more active role -- at least temporarily -- for Rishad Premji… Updated: 18 Nov 2020, 10:33 PM IST Ayushman Baruah. In the latest earnings call, he spoke about fewer P&Ls, fewer teams and fewer metrics. “When I run more and more, I’m clearer in my mind,” he said. "I will drive an obsession for growth in the organization, obsession for growth, for growing our topline everywhere," Delaporte said on the company's Q1 … IT major Wipro Ltd on Friday named Thierry Delaporte as chief executive officer and managing director of the company, effective 6 July, 2020. Thierry Delaporte, CEO & MD, Wipro Ltd Next-gen technologies will drive company's growth: Wipro CEO 1 min read. (Bloomberg) -- In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. “Thierry has an exceptional leadership track record,” said Rishad Premji, Wipro’s chairman, in a statement. East Brunswick, New Jersey, USA and Bangalore, India – January 31, 2020: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company today announced that Chief Executive Officer and Managing Director Abidali Z Neemuchwala has decided to step down due to … Hear from Steve Sibley, VP of Offering Management for IBM Power Systems about how IBM Power Systems can enable hybrid cloud environments that support “build once, deploy anywhere” options. According to industry analysts, a critical element for secure hybrid multicloud environments is the storage infrastructure. As it is reported, the new CEO of Wipro has been on a virtual tour from his home, visiting managers, workers, and customers worldwide. (Image source: LinkedIn/Thierry Delaporte) Information technology (IT) major Wipro on Friday named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). Wipro has named former Capgemini executive Thierry Delaporte as its new Chief Executive Officer and Managing Director, effective July 6th 2020. Font Size. Dr. Patrick J. Ennis. In the fiscal year ended in March, revenues rose 3.9% in constant currency terms, compared with 9.8% at Infosys Ltd. and 7.1% at Tata Consultancy Services Ltd. -- even though both are far larger. “We know what we need to do to make it work,” he said, from an office whose walls are adorned with paintings. Wipro's new CEO Thierry Delaporte Wipro. By Shreya Ambre Last updated Nov 26, 2020 Wipro CEO’s Move To Reduce Strategic Business Units Gets Thumbs Up From Analysts: What’s Changing In Wipro? In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. Synopsis. ®. Abidali Neemuchwala was appointed as Wipro's CEO after T. K. Kurien stepped down in early 2016. Wipro CEO and MD Abidali Z Neemuchwala steps down. In January this year, the company had said its CEO and Managing Director Abidali Z Neemuchwala had decided to step down from the company. Independent Director. Last Updated: Oct 14, 2020, 07:56 PM IST. While the U.S. is Wipro’s biggest market now, Delaporte sees opportunity in Europe and Asia. Thierry Delaporte, chief executive officer, Wipro, slashed the top ranks of leadership from 25 people to four and stepped up acquisitions, with more on the way Wipro's growth is the weakest … Part of Situation Publishing, Biting the hand that feeds IT © 1998–2020, 80 among newly TUPE'd workforce may face redundancy, say insiders, Outsourcer charged with bolstering PPI chaser's business transformation, Consultancy expects to take on 3,000 of 6,500 employees, Poor dears report combined £448m drop in UK infrastructure services sales, Will extend IT contracts a bit, but winnow 25-supplier plan. Wipro has named former Capgemini executive Thierry Delaporte as its new Chief Executive Officer and Managing Director, effective July 6th 2020. Wipro’s FY 19/20 revenue reached $8.1bn but the company has grown slowly in recent years and been surpassed by the likes of HCL and Infosys. Lockdowns forced companies to schlep computers and backup batteries to workers’ homes. Wipro announced the appointment of Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6, 2020.. … Analysts have given a nod for Wipro’s new operating model. We have built a plan around the five priorities we have set and are in a phase of execution, says Thierry Delaporte. Save. He departed after a turbulent four years and falling well short of a target to build Wipro into a $15 billion company by 2020. This research paper will explore the new platform and assess its strengths and weaknesses compared to the growing cadre of potential competitors. Wipro is likely to get their new CEO by June end, said Saurabh Govil, Chief Human Resources Officer, Wipro. The Register - Independent news and views for the tech community. Wipro's revenues rose by 3.9% in the financial year ending in March as compared to 9.8% of Infosys and 7.1% of TCS. “There’s a particular momentum in the industry just now, and I want to drive that urgency to put Wipro back where it belongs,” said Delaporte, speaking from Paris in his first interview since assuming the CEO post. Information technology (IT) major Wipro on Friday named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). Chairman of the Committee. Many employees think that Wipro CEO step down from there position. Thierry Delaporte has tough task at Wipro, where he takes over as CEO on July 6 06 Jul, 2020, 11.19 AM IST Thierry Delaporte needs to “re-energize” the leadership team, turnaround failing businesses and drive growth. Wipro's revenues rose by 3.9% in the financial year ending in March as compared to 9.8% of Infosys and 7.1% of TCS. Companies are stepping up their spending on technology and the largest outsourcers are reporting a faster-than-expected recovery. In the last few weeks, Wipro has landed orders from European clean energy producers Fortum Oyj and E.On SE. While the canned statement announcing Delaporte’s selection is light on detail, the fact that he led Capgemini’s Indian operations can’t have hurt his prospects, nor would his time atop the consultancy’s global service lines. Share. Delaporte slashed the top ranks of leadership from 25 people to four. HCL Technologies Ltd., which displaced Wipro as the third-largest in the industry two years ago, grew 17%. That’s helped give him clarity on the tenuous nature of his place at Wipro, even with a five-year CEO contract. Delaporte will be replacing Abidali Neemuchwala who earlier this year announced that he will be stepping down citing family commitments. BENGALURU: Wipro CEO designate Thierry Delaporte could be the costliest executive ever to be hired by an Indian IT services provider. He’s trying to turn around […] What's another three years amid project delays and Brexit uncertainty? Wipro CEO Thierry Delaporte is reaching out to junior employees for suggestions, mainly in the digital area, as the software company steps up focus on digital deals. Wipro's new CEO Thierry Delaporte has offered some initial insights into his plans for the services giant. #JustIn | Wipro appoints Thierry Delaporte as CEO & Managing Director w.e.f July 6. Abidali Neemuchwala (born December 8, 1967) is an Indian-American business executive. Bloomberg | Quint is a multiplatform, Indian business and financial news company. The announcement of his appointment quotes him as wanting to usher in "a new chapter of growth and build a better tomorrow for all our stakeholders.”, Which will mean a post-pandemic strategy, solidifying recently-struck partnerships with Microsoft and Nutanix, continuing to build cloud and security capability that has done well for the company and doing that all around the world! He was the chief executive officer (CEO) and managing director (MD) of Wipro from February 2016 to June 2020. “Though it hasn’t always been the case in the past,” said Delaporte, “we’ll deliver on our forecast.”. Wipro has named its new CEO: 25-year Capgemini veteran Thierry Delaporte will take the big chair as of July 6th. Abc Medium. Employees. Reportedly, Wipro's revenue for the year ended March 2020 was USD 8.1 billion. Abc Small. On November 18, 2020, Wipro's CEO and MD, Thierry Delaporte and members of the Executive Leadership team presented a strategic plan to investors and analysts. The company’s current CEO Abid Neemuchwala announced in January 2020 that he planned to step down due to family commitments and the board commenced a … New Delhi: 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. The new CEO will be based in Paris, where Wipro has offices in the La Défense business district. Delaporte has an interesting time ahead of him. Last Updated: Oct 14, 2020, 07:56 PM IST. HCL Technologies Ltd, which displaced Wipro as the third-largest in the industry two years ago, grew 17%. Abc Large. Bhanumurthy BM, who was the president and COO, and Anand Padmanabhan, president for business development and strategic sales will retire from Wipro over the coming few quarters, the company said. Wipro has named its new CEO: 25-year Capgemini veteran Thierry Delaporte will take the big chair as of July 6th. Rohit Adlakha, who was chief information officer (CIO), and Ramesh Nagarajan, senior vice president of cloud services, have … Although he decided to depart after a turbulent four years and falling well short of a target to build Wipro into a $15 billion company by 2020. Chief Executive Officer and Managing Director, Wipro Ltd. It’s a rare victory for Wipro, but one the veteran of France’s Capgemini SE is determined won’t be its last. The company’s current CEO Abid Neemuchwala announced in January 2020 that he planned to step down due to family commitments and the board commenced a search for his successor. On January 31, 2020, Wipro announced that he would be stepping down due to family commitments, once a successor is appointed. The company has also stepped up its acquisitions. According to the Bloomberg reports, the recently joined Wipro’s CEO Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. Last Friday, May 29, Wipro appointed Capgemini’s former COO, Thierry Delaporte, as its new CEO … New CEO drives Wipro stock up 70% without stepping into office Sensex, Nifty hit fresh lifetime highs amid strong foreign fund inflow Oz co blocks ONGC arm’s bid in Senegal Delaporte will be replacing Abidali Neemuchwala who earlier this year announced that he will be stepping down citing family commitments. He will be paid between 5.9 and 7.2 million euros annually (Rs 50-62 crore), excluding stock compensation according to … Wipro said its COO Bhanumurthy and President Anand Padmanabhan will retire over the next few quarters. Independent Director. HCL Technologies, which leapt ahead of Wipro to take the third spot two years ago, witnessed a rise of 17% in revenues. Wipro's new CEO Thierry Delaporte has offered some initial insights into his plans for the services giant. (Bloomberg) -- In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. Wipro’s new CEO Thierry Delaporte plans to rehaul the company’s entire operating structure to focus on large deal wins and building strategic partnerships. We have built a plan around the five priorities we have set and are in a phase of … If I go back in 2016, Abid shows us a dream of $15Billion by 2020 which has not comes true in current. Abc Medium. Reportedly, Wipro's revenue for the year ended March 2020 was USD 8.1 billion. Highlights-Company to have four strategic market units, two business lines Print. Neemuchwala, who had been group president and CEO from April 2015, was appointed CEO with effect from 1 February 2016. He says he has signed more deals in the past five months than in the previous five years -- and plans to keep going. Wipro’s Big Bet With New CEO Thierry Delaporte . “I know I’m good at one thing - getting things done.”. In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. Wipro was founded as "Western India Palm Refined Oil Limited". Wipro already has enough to contend with in a market gripped with buyer cynicism, hyper-competitive incumbents, and geopolitical uncertainty – at the very least it must find a replacement for Abid who will get the firm back on track and reassure the market that 2020 will be a year of progress, not chaos, for Wipro. Comment. But the pandemic has been getting in the way of the guy’s business. Mostly, he focused his attention on customers, meeting with 130 over video conference and helping to land new multi-year contracts with clients in the U.S. and Europe. Neemuchwala lived in Dallas, Texas. Delaporte is collapsing layers and trying to simplify the structure. Join our. Synopsis. As everyone might have heard, Wipro Ltd. received its new chief executive officer five months ago in the form of 53-year-old Thierry Delaporte. Wipro NSE -1.15 % chief executive Thierry Delaporte is reaching out to employees across levels to seek inputs and draw up a strategy to revive growth at India’s fourth largest IT services firm. BENGALURU: Wipro CEO Thierry Delaporte is undertaking a major organisational overhaul in an effort to revive growth. He hopes to get Wipro back on track after years of tumult and stagnating financials. This is the first restructuring exercise announced by Wipro’s new Chief Executive Officer (CEO) Thierry Delaporte, ... 2020. Yet the pandemic could prove to be a boon. "I will drive an obsession for growth in the organization, obsession for growth, for growing our topline everywhere," Delaporte said on the company's Q1 20/21 earnings call for … The new structure was put in place by Wipro’s CEO Theirry Delaporte. IBM is well-positioned to help organizations incorporate high-performance solutions for AI into the enterprise landscape. Wipro needs more than enthusiasm. Wipro's new CEO to draw up to 4.45 million euros annual pay package IT major Wipro Ltd on Friday named Thierry Delaporte as chief executive officer and managing director of the company, effective 6 July, 2020. “There’s a particular momentum in the industry just now, and I want to drive that urgency to put Wipro back where it belongs,” said Delaporte, speaking from Paris in his first interview since assuming the CEO post. Wipro Shares Achieve Most Amongst Large IT Companies After New CEO Joins Frenchman Thierry Delaporte, appointed because the chief govt of Wipro with impact from July 6, 2020, amid the COVID-19 pandemic, and since then with out entering into companies Bangalore headquarters as soon as, he’s credited for a 70 per cent rally in Wipro’s shares, probably the most among the many Indian … Wipro’s new CEO, Thierry Delaporte ... Oct 13, 2020, 20:36 IST. Print. Or maybe Delaporte has other plans. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Wipro’s Share Rise Spawns Millionaires in Indian Town. Wipro’s new CEO is not just a changing of the guard; it is a huge opportunity and challenge because it occurs amid a services market inflection point and COVID-19 accelerates the situation. Milan Rao and Bill Stith will transition from the organisation on December 31, 2020. The firm, majority owned by billionaire Azim Premji, has lagged its peers for years. Instead, the 53-year-old has been on a virtual tour from his home in Paris, meeting with managers, workers and customers around the globe. “In my Year One, we’ll accelerate growth; in Year Two, we’ll be at the growth level of our competitors; and in Year Three, we will outdo.”, Billionaire Premji Hires Capgemini’s Delaporte as Wipro CEO. He’s trying to turn around the struggling business without letting the Covid-19 pandemic slow him. Instead, the 53-year-old has been on a virtual tour from his home in Paris, meeting with managers, workers and customers around the globe. ... 2020 01:21 AM Eastern Daylight Time. Both of them will transition from Wipro on December 31, 2020. Wipro had stopped making revenue forecasts this year, along with the rest of the industry, but has since restarted, projecting 1.5% to 3.5% sequential growth in the current quarter. Wipro appointed Thierry Delaporte as its new MD and CEO effective July 6. On 6 July 2020, Thierry Delaporte took over from Abidali Neemuchwala as the new CEO of Wipro. Share. (Its revenue for the year ended in March was $8.1 billion.). Great, now we just need to agree the policy. The business used to be simple, pay-by-the-hour labor arbitrage where Indian firms could substitute their own workers for more highly compensated tech staff in the U.S. and Europe. Delaporte was the COO of the French technology consulting firm, Capgemini, and a … He hopes to get Wipro back on track after years of tumult and stagnating financials. BENGALURU: Wipro CEO Thierry Delaporte is undertaking a major organisational overhaul in an effort to revive growth. Dec 07 2020, 3:30 AM Dec 08 2020, 7:19 AM December 07 2020, 3:30 AM December 08 2020, 7:19 AM (Bloomberg) -- In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. (Bloomberg) -- In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. Wipro Limited today announced the appointment of Thierry Delaporte as the Chief Executive Officer and Managing Director of the company. New Wipro CEO lays out his top 5 priorities. He was earlier the CEO of Capgemini Group and a member of its Group Executive Board. Getty. Wipro has named its new CEO: 25-year Capgemini veteran Thierry Delaporte will take the big chair as of July 6th. recruited its current CEO from the firm in 2017. New Delhi: IT Giant Wipro has witnessed the exit of several senior-level people after restructuring under the new CEO Thierry Delaporte.Four key executives at Wipro have reportedly quit after Delaporte restructured the Bengaluru-based organisation In November. Capgemini SE is determined won’t be its last. The coronavirus hammered the business this year. Save. Whatever they are, The Reg will be watching. “If Wipro is not growing, I’ll be the first one to go,” he said. Share. The company’s current CEO Abid Neemuchwala announced in January 2020 that he planned to step down due to family commitments and the board commenced a search for his successor. He stepped up acquisitions, with more on the way. Abc Large. Wipro CEO Delaporte’s new plan could give the Indian IT services giant the edge it needs to catch up to its peers, according to analysts Prabhjote Gill Nov 19, 2020, 13:33 IST Wipro goes for major rejig of biz model, organisation Our Bureau Bengaluru | Updated on November 12, 2020 Published on November 12, 2020 Wipro CEO Thierry Delaporte Agencies. ... By Shreya Ambre Last updated Nov 26, 2020. Thierry Delaporte. New Wipro CEO lays out his top 5 priorities. Delaporte’s predecessor, Abidali Neemuchwala, took over in 2016 with similar ambitions. He departed after a turbulent four years and falling well short of a target to build Wipro into a $15 billion company by 2020. Analysts have given a nod for Wipro… Instead, the 53-year-old has been on a virtual tour from his home in Paris, meeting with managers, workers and customers around the globe. As Wipro CEO steps down, search is on for successor By Thimmaya Poojary | 31st Jan 2020 Wipro CEO Abidali Neemuchwala quits from his position, citing family commitments. Wipro's growth is the weakest among its peers. New CEO drives Wipro stock up 70% without stepping into office Sensex, Nifty hit fresh lifetime highs amid strong foreign fund inflow Oz co blocks ONGC arm’s bid in Senegal Administrative and Shareholders/Investors Grievance Committee (Stakeholders Relationship Committee) M K Sharma. (Bloomberg) -- In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. “There’s no other way.”. Related. He departed after a turbulent four years and falling well short of a target to build Wipro into a $15 billion company by 2020. But, he argues, the business is actually simple: Obsess over helping your clients and the rest will follow. 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