Wipro names Pallia CEO to replace DelaporteWipro has named Srini Pallia CEO effective immediately replacing Thierry Delaporte, who stepped down to pursue other interests.
Pallia (right) most recently was CEO for Wipro's Americas 1 unit and has been with the company for more than three decades. Pallia was responsible for Wipro Americas' vision, strategy and industries and was president of Wipro's consumer business and head of business applications services. Delaporte will remain with Wipro through the end of May for the transition to Pallia.
Wipro's Americas 1 unit includes healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms in the US and Latin America. Wipro's Americas 2 division is focused on financial services, manufacturing, technology and energy and utilities in the US and Canada.
The US accounted for 56% of Wipro's fiscal 2023 revenue.
In a statement, Pallia said he was "excited to build on the strong foundation established by Thierry and lead Wipro on its next growth trajectory."
Delaporte led Wipro through a transformational phase in his four years at the helm. The company has launched its ai360 strategy, which revolves around embedding AI throughout its services and offerings.
For the nine months ended Dec. 31, Wipro reported revenue of $8.12 billion with profit of $993 million. Revenue was modestly higher relative to a year ago. For fiscal 2023, Wipro reported revenue of $11 billion, up 14% from 2022, with profits of $1.38 billion.
