Wipro CEO Thierry Delaporte Resigns Amid Underperformance, Srinivas Pallia Takes Over

Wipro CEO Thierry Delaporte has announced his resignation, effective 6 April, after spearheading the company for last four years. 

The software services firm has appointed Srinivas Pallia as the new Chief Executive Officer and Managing Director, effective immediately.

Unlike Delaporte, who was recruited from Capgemini to lead Wipro, Pallia brings over three decades of experience within the company, having served in various leadership roles. Pallia's most recent position as CEO for Americas 1, Wipro's largest and fastest-growing strategic market.

“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,” said Rishad Premji, Chairman, Wipro.

Pallia will be based in New Jersey and report to Chairman Rishad Premji.

Delaporte's departure follows quarters of underperformance for Wipro, marked by a series of top-level exits, despite his efforts to bolster leadership with executives from Capgemini. Over ten senior leadership members resigned in 2023 alone, reflecting internal turbulence within the company.

Thierry Delaporte will officially conclude his tenure with Wipro on 31 May 2024. In the interim, Pallia's appointment signals a shift towards internal leadership continuity, as Wipro navigates through a pivotal period in its trajectory.

Delaporte said, “I'm grateful to Rishad and the Board for the opportunity to lead Wipro through a period of significant transformation. I am proud of the solid foundation we have laid for Wipro’s future success. In the four years we have worked together, Srini has built a successful business in our largest market of Americas 1 and has become an important strategic partner to our clients. As I pass the torch to Srini, I'm confident he'll continue our journey, steering us to greater heights.”