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Published: April 8, 2024
Updated: April 8, 2024

Wipro's CEO resigns : Leadership Transition and Future Prospects

Wipro, a leading Indian IT services company, is undergoing a significant leadership transition as CEO Thierry Delaporte resigns. This development has sparked discussions among market analysts about the company's trajectory and potential share price targets.

CEO Resignation:

Thierry Delaporte's resignation, although not unexpected, has raised questions about Wipro's performance under his leadership. Market observers suggest that Delaporte's departure was anticipated due to concerns about his ability to gain the confidence of the company's promoters and address underperformance compared to industry peers.

New Leadership:

Stepping into Delaporte's shoes is Srini Pallia, a seasoned Wipro veteran with over three decades of experience at the company. Pallia's recent role as CEO of the Americas 1 unit positions him well to lead Wipro through its next phase of growth.

Challenges Ahead:

Despite Pallia's appointment, challenges lie ahead for Wipro. External demand conditions and the performance of the consulting unit are expected to influence the company's growth trajectory in the near term. Pallia faces the task of positioning Wipro competitively against its peers as market demand stabilizes.

Expectations and Timeline:

Investors and promoters alike are closely watching Pallia's performance, with a timeframe of three years expected for significant results. While Pallia's tenure spans five years, the focus remains on immediate execution and performance improvements.

Wipro's leadership transition signals a critical juncture for the company, with Srini Pallia at the helm. As market conditions evolve, Wipro's ability to adapt and innovate under new leadership will determine its future success. Investors and stakeholders await tangible progress as Pallia takes charge of steering Wipro towards growth and profitability.