Analysts have given a nod for Wipro’s new operating model. The company’s stock has rallied about 70% since his appointment, most among India’s four largest outsourcing firms during that period. In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. Neemuchwala, who had been group president and CEO from April 2015, was appointed CEO with effect from 1 February 2016. Delaporte is collapsing layers and trying to simplify the structure. He’s trying to turn around […] The new CEO will be based in Paris, where Wipro has offices in the La Défense business district. Delaporte’s predecessor, Abidali Neemuchwala, took over in 2016 with similar ambitions. Bhanumurthy BM, who was the president and COO, and Anand Padmanabhan, president for business development and strategic sales will retire from Wipro over the coming few quarters, the company said. Wipro has named former Capgemini executive Thierry Delaporte as its new Chief Executive Officer and Managing Director, effective July 6th 2020. BENGALURU: Wipro CEO Thierry Delaporte is undertaking a major organisational overhaul in an effort to revive growth. This is the first restructuring exercise announced by Wipro’s new Chief Executive Officer (CEO) Thierry Delaporte, ... 2020. On 6 July 2020, Thierry Delaporte took over from Abidali Neemuchwala as the new CEO of Wipro. Companies are stepping up their spending on technology and the largest outsourcers are reporting a faster-than-expected recovery. Last Friday, May 29, Wipro appointed Capgemini’s former COO, Thierry Delaporte, as its new CEO … Synopsis. “Though it hasn’t always been the case in the past,” said Delaporte, “we’ll deliver on our forecast.”. Wipro CEO Thierry Delaporte is reaching out to junior employees for suggestions, mainly in the digital area, as the software company steps up focus on digital deals. (Bloomberg) -- In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. Wipro has named its new CEO: 25-year Capgemini veteran Thierry Delaporte will take the big chair as of July 6th. Chairman of the Committee. Print. While the canned statement announcing Delaporte’s selection is light on detail, the fact that he led Capgemini’s Indian operations can’t have hurt his prospects, nor would his time atop the consultancy’s global service lines. Wipro’s new CEO Thierry Delaporte plans to rehaul the company’s entire operating structure to focus on large deal wins and building strategic partnerships. If I go back in 2016, Abid shows us a dream of $15Billion by 2020 which has not comes true in current. recruited its current CEO from the firm in 2017. New Wipro CEO lays out his top 5 priorities. Both of them will transition from Wipro on December 31, 2020. Wipro NSE -1.15 % chief executive Thierry Delaporte is reaching out to employees across levels to seek inputs and draw up a strategy to revive growth at India’s fourth largest IT services firm. In the fiscal year ended in March, revenues rose 3.9% in constant currency terms, compared with 9.8% at Infosys Ltd. and 7.1% at Tata Consultancy Services Ltd. -- even though both are far larger. HCL Technologies, which leapt ahead of Wipro to take the third spot two years ago, witnessed a rise of 17% in revenues. Picked from a crowded field of candidates, Delaporte was a surprise choice. Abc Small. Wipro needs more than enthusiasm. The company’s current CEO Abid Neemuchwala announced in January 2020 that he planned to step down due to family commitments and the board commenced a search for his successor. Highlights-Company to have four strategic market units, two business lines Instead, the 53-year-old has been on a virtual tour from his home in Paris, meeting with managers, workers and customers around the globe. Hear from Steve Sibley, VP of Offering Management for IBM Power Systems about how IBM Power Systems can enable hybrid cloud environments that support “build once, deploy anywhere” options. Whatever they are, The Reg will be watching. BENGALURU: Wipro CEO designate Thierry Delaporte could be the costliest executive ever to be hired by an Indian IT services provider. (Its revenue for the year ended in March was $8.1 billion.). When he needs to think or wind down, Delaporte puts on his running shoes and hits the streets of Paris, clocking about 40 kilometers every week. Many employees think that Wipro CEO step down from there position. But, he argues, the business is actually simple: Obsess over helping your clients and the rest will follow. The Register - Independent news and views for the tech community. Instead, the 53-year-old has been on a virtual tour from his home in Paris, meeting with managers, workers and customers around the globe. Delaporte has an interesting time ahead of him. ... By Shreya Ambre Last updated Nov 26, 2020. The new structure was put in place by Wipro’s CEO Theirry Delaporte. Comment. ®. Yet the pandemic could prove to be a boon. HCL Technologies Ltd., which displaced Wipro as the third-largest in the industry two years ago, grew 17%. IT major Wipro Ltd on Friday named Thierry Delaporte as chief executive officer and managing director of the company, effective 6 July, 2020. Wipro goes for major rejig of biz model, organisation Our Bureau Bengaluru | Updated on November 12, 2020 Published on November 12, 2020 Wipro CEO Thierry Delaporte The announcement of his appointment quotes him as wanting to usher in "a new chapter of growth and build a better tomorrow for all our stakeholders.”, Which will mean a post-pandemic strategy, solidifying recently-struck partnerships with Microsoft and Nutanix, continuing to build cloud and security capability that has done well for the company and doing that all around the world! Wipro has not always matched its rivals’ vigour in recent years, so Delaporte’s experience leading transformation at Capgemini may also have been attractive. Abidali Neemuchwala was appointed as Wipro's CEO after T. K. Kurien stepped down in early 2016. Thierry Delaporte, chief executive officer, Wipro, slashed the top ranks of leadership from 25 people to four and stepped up acquisitions, with more on the way Delaporte was the COO of the French technology consulting firm, Capgemini, and a … Save. Wipro announced the appointment of Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6, 2020.. … "I will drive an obsession for growth in the organization, obsession for growth, for growing our topline everywhere," Delaporte said on the company's Q1 20/21 earnings call for … He stepped up acquisitions, with more on the way. “There’s a particular momentum in the industry just now, and I want to drive that urgency to put Wipro back where it belongs,” said Delaporte, speaking from Paris in his first interview since assuming the CEO post. We have built a plan around the five priorities we have set and are in a phase of execution, says Thierry Delaporte. Neemuchwala lived in Dallas, Texas. He’s trying to turn around the struggling business without letting the Covid-19 pandemic slow him. Capgemini SE is determined won’t be its last. Abc Medium. Share. Synopsis. Font Size. Wipro’s Share Rise Spawns Millionaires in Indian Town. He departed after a turbulent four years and falling well short of a target to build Wipro into a $15 billion company by 2020. Delaporte will be replacing Abidali Neemuchwala who earlier this year announced that he will be stepping down citing family commitments. Thierry Delaporte, CEO & MD, Wipro Ltd Next-gen technologies will drive company's growth: Wipro CEO 1 min read. Lockdowns forced companies to schlep computers and backup batteries to workers’ homes. Getty. Wipro CEO Delaporte’s new plan could give the Indian IT services giant the edge it needs to catch up to its peers, according to analysts Prabhjote Gill Nov 19, 2020, 13:33 IST Dec 07 2020, 3:30 AM Dec 08 2020, 7:19 AM December 07 2020, 3:30 AM December 08 2020, 7:19 AM (Bloomberg) -- In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. Indian tech analytics company Wipro has named Thierry Delaporte as its new CEO and MD. The Frenchman is the first CEO of an India-based outsourcer who’s not of Indian ethnicity, a shift that reflects the industry’s transition. The company’s current CEO Abid Neemuchwala announced in January 2020 that he planned to step down due to family commitments and the board commenced a … Thierry Delaporte. Or maybe Delaporte has other plans. Wipro’s new CEO is not just a changing of the guard; it is a huge opportunity and challenge because it occurs amid a services market inflection point and COVID-19 accelerates the situation. According to the Bloomberg reports, the recently joined Wipro’s CEO Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. Abc Small. Mostly, he focused his attention on customers, meeting with 130 over video conference and helping to land new multi-year contracts with clients in the U.S. and Europe. Last Updated: Oct 14, 2020, 07:56 PM IST. Wipro’s Restructuring Under CEO Thierry Delaporte According to the recent restructuring, Wipro’s new construction having four Strategic Market Units and … By Shreya Ambre Last updated Nov 26, 2020 Wipro CEO’s Move To Reduce Strategic Business Units Gets Thumbs Up From Analysts: What’s Changing In Wipro? Independent Director. The company has also stepped up its acquisitions. His departure means an even more active role -- at least temporarily -- for Rishad Premji… According to industry analysts, a critical element for secure hybrid multicloud environments is the storage infrastructure. Part of Situation Publishing, Biting the hand that feeds IT © 1998–2020, 80 among newly TUPE'd workforce may face redundancy, say insiders, Outsourcer charged with bolstering PPI chaser's business transformation, Consultancy expects to take on 3,000 of 6,500 employees, Poor dears report combined £448m drop in UK infrastructure services sales, Will extend IT contracts a bit, but winnow 25-supplier plan. (Image source: LinkedIn/Thierry Delaporte) Information technology (IT) major Wipro on Friday named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). Wipro's new CEO Thierry Delaporte Wipro. "I will drive an obsession for growth in the organization, obsession for growth, for growing our topline everywhere," Delaporte said on the company's Q1 … He was the chief executive officer (CEO) and managing director (MD) of Wipro from February 2016 to June 2020. Great, now we just need to agree the policy. Delaporte is reportedly seeking suggestions from junior employees, who are digital natives to revive Wipro’s growth. “Thierry seems to have the vision and the commitment, but he has an absolutely daunting task,” said Vasupradha Srinivasan, a senior analyst at Forrester Research Inc. Delaporte, whose hobby is long-distance running, is realistic that any turnaround will take time. Independent Director. “We know what we need to do to make it work,” he said, from an office whose walls are adorned with paintings. “If Wipro is not growing, I’ll be the first one to go,” he said. It’s a rare victory for Wipro, but one the veteran of France’s Capgemini SE is determined won’t be its last. Wipro has named its new CEO: 25-year Capgemini veteran Thierry Delaporte will take the big chair as of July 6th. Patrick Dupuis. (Bloomberg) -- In the five months since he took over as chief executive officer of Wipro Ltd., Thierry Delaporte has yet to visit the Indian outsourcer’s Bangalore headquarters once. Share. That’s helped give him clarity on the tenuous nature of his place at Wipro, even with a five-year CEO contract. As everyone might have heard, Wipro Ltd. received its new chief executive officer five months ago in the form of 53-year-old Thierry Delaporte. Reportedly, Wipro's revenue for the year ended March 2020 was USD 8.1 billion. IBM is well-positioned to help organizations incorporate high-performance solutions for AI into the enterprise landscape. Related. The coronavirus hammered the business this year. We have built a plan around the five priorities we have set and are in a phase of … Last Updated: Oct 14, 2020, 07:56 PM IST. IT major Wipro Ltd on Friday named Thierry Delaporte as chief executive officer and managing director of the company, effective 6 July, 2020. Milan Rao and Bill Stith will transition from the organisation on December 31, 2020. Delaporte’s predecessor, Abidali Neemuchwala, took over in 2016 with similar ambitions. Join our. Comment. He’s put together a new deals team -- headed by a chief growth officer -- to go after big client contracts. Wipro appointed Thierry Delaporte as its new MD and CEO effective July 6. New Delhi: 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. On November 18, 2020, Wipro's CEO and MD, Thierry Delaporte and members of the Executive Leadership team presented a strategic plan to investors and analysts. HCL Technologies, which leapt ahead of Wipro to take the third spot two years ago, witnessed a rise of 17% in revenues. Wipro's revenues rose by 3.9% in the financial year ending in March as compared to 9.8% of Infosys and 7.1% of TCS. “Thierry has an exceptional leadership track record,” said Rishad Premji, Wipro’s chairman, in a statement. Dr. Patrick J. Ennis. Delaporte slashed the top ranks of leadership from 25 people to four. Updated: 18 Nov 2020, 10:33 PM IST Ayushman Baruah. Wipro’s new CEO, Thierry Delaporte ... Oct 13, 2020, 20:36 IST. Abidali Neemuchwala (born December 8, 1967) is an Indian-American business executive. 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