“There’s a lot of work still to be done ahead of us. As we enter a new era fuelled by rapid technological progress, I am energised by the possibilities ahead for our company and industry,” Pallia said in a LinkedIn post.”I am dedicated to creating a culture that values every step of our journey – triumphs, setbacks, and everything in between,” said the 32-year company veteran in an email to employees.
Srini Pallia took over as CEO and MD of the company on Sunday. This marks a return to an internal candidate for the top job, after having two external ones prior to this.
Pallia, who joined Wipro in 1992, has held several major roles including as president of Wipro’s consumer business unit and as global head of business applications services. He was most recently CEO of the strategic market unit called Americas 1. An avid hiker, Pallia will be based in New Jersey and report to chairman Rishad Premji.
“Over the past four years, I have been working closely with Thierry and our entire leadership team on an ambitious transformation journey, which has allowed us to optimise our structure, enhance leadership, and improve overall efficiency. I am excited to build on this strong foundation and lead Wipro on its next growth trajectory,” he said. Pallia said Wipro has been home to him for over 30 years, providing him with continuous discovery, growth, and learning that shaped him into the leader he is today.
Its former CEO, Thierry Delaporte, said Wipro’s incredible journey is much more than numbers. “I came in to fundamentally transform and modernise Wipro for the future. It has been a priority to perform while transforming. To introduce client-centric guiding principles of agility, excellence, and investments in new technologies and systems,” he wrote in a LinkedIn post.
Delaporte said the foundational elements of its transformation are in place and his main goal is complete. “I am handing over the reins to my successor, Srini, one of my strongest leaders in the executive team,” he wrote in the email. “I’m proud of what we’ve achieved over the last four years, growing revenues by 35%. We’ve generated 25% more profit in the last four years than in the previous 4-year period, and market cap has grown by 2.5X since 2020,” Delaporte wrote on LinkedIn.