Indian tech services industry veteran Wipro Ltd will have a new CEO from July 6 in former Capgemini COO Thierry Delaporte.
Mr. Delaporte will be succeeding Abidal Neemuchwalaand will also head the organization as its managing director. Earlier in January Wipro intimated that Neemuchwala would leave the position when a replacement was found, concluding a four-year stint during which the company dropped below massive competitors Infosys Ltd. and Tata Consultancy Services Ltd.
Wipro, managed by Indian billionaire Azim Premji, has grappled to keep pace with the technology services industry and has been battered by strategic shift and a decrease in growth. The company abandoned its revenue guidance for the first time ever in April as it joined institutions around the world striving to evaluate the result from the coronavirus pandemic.
Thierry Delaporte, who was the chief operating officer of Capgemini Group and a member of its group executive board, is expected to bring a wealth of experience in consulting from a wide range of industries to the new position. He has spent more than two decades at Capgemini, managing its financial services unit and overseeing its services in Latin America.
Delaporte who will manage the organization from Paris would be the second Capgemini exec hired to command an Indian tech services company. Infosys had drafted its current CEO from the French multinational corporation in 2017.
“Thierry has an exceptional leadership track record. We believe that Thierry is the right person to lead Wipro in its next phase of growth.” – Rishad Premji, Chairman – Wipro
The younger Rishad Premji, son of the founder Azim Premji, will continue to perform a leading part at Wipro. He will supervise day-to-day operations until July 5.
Wipro had listed income of $2.07 billion in the quarter which ended March 31, dropping from the estimated projection between $2.09 billion to $2.14 billion.