Capgemini COO Thierry Delaporte becomes new Wipro CEO and MD

Neemuchwala will step down as CEO on June 1 while executive chairman Rishad Premji will oversee day-to-day operations of the company until Delaporte takes over on July 6

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. In January this year, the company had said its CEO and Managing Director Abidali Z Neemuchwala had decided to step down from the company. Abidali Neemuchwala will relinquish his position as CEO and MD on June 1.

Rishad Premji will oversee the day-to-day operations of the company until July 5, 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. He also oversaw Capgemini’s India operations, and led the group’s transformation agenda, conceptualising and driving several strategic programs across various business units, it added.

“Thierry has an exceptional leadership track record, strong international exposure, deep strategic expertise, a unique ability to forge long-standing client relationships, and proven experience of driving transformation and managing technological disruption. We believe that Thierry is the right person to lead Wipro in its next phase of growth,” Rishad Premji, Chairman of Wipro, said.

Delaporte will be based in Paris and will report to Rishad Premji. “I look forward to working closely with Rishad, the board, senior leadership and the hugely talented employees of Wipro to turn a new chapter of growth and build a better tomorrow for all our stakeholders,” Delaporte said…Read More

Wipro hikes pay of top staff: Neemuchwala’s salary up 34.5% to Rs 182 mn

Wipro’s Chief Strategy Officer Rishad A Premji’s compensation also grew by more than 250 per cent to Rs 58 million

 

Wipro chief executive Abidali Z Neemuchwala saw his pay package growing over 34 per cent to Rs 182.3 million (Rs 18.23 crore) during FY2017-18 compared to the previous financial year, as per the company’s annual report.

Chief Strategy Officer (CSO) Rishad A Premji’s compensation also grew by more than 250 per cent to Rs 58 million (Rs 5.8 crore) in the said financial year.

Azim H Premji, the Executive Chairman and Managing Director, saw his remuneration increase 10.13 per cent to Rs 8.7 million (Rs 87 lakh) in FY2018.

According to the report, Neemuchwala — who was paid in US dollars — received an equivalent of Rs 62.9 million (Rs 6.29 crore) in gross salary, Rs 17 million (Rs 1.70 crore) in variable pay, Rs 102 million (Rs 10.2 crore) in other annual compensation along with other perks, taking his total compensation to Rs 182.3 million (Rs 18.23 crore) for FY2017-18.

“Computation of remuneration to CEO and Executive Director is on an accrual basis and includes amortisation of ADS Restricted Stock Units (RSUs) granted to him, which vests over a period a time. This also includes RSUs that vest based on performance parameters the company,” the report added.

Rashid Premji received Rs 9.3 million (Rs 93.33 lakh) in salary, Rs 5.35 million (Rs 53.52 lakh) in allowances and Rs 41.3 million (Rs 4.13 crore) under commission/incentives/variable pay along with other perks, taking his compensation for the financial year to Rs 58 million (Rs 5.8 crore).

The report said the computation of remuneration to Rishad Premji included cash-based bonus (part of his variable pay) on an accrual basis, which is payable over a period of time.

Besides, Wipro CFO Jatin Dalal saw his remuneration increase by 2.42 per cent to Rs 46.5 million (Rs 4.65 crore).

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