Rishad Premji, Executive Chairman and Thierry Delaporte, Chief Executive Officer & Managing Director; image credit: Company
Synopsis
The former Capgemini executive’s appointment at the helm of the industry laggard in mid-2020 was met with both expectation and apprehension. Though he unleashed a whirlwind of changes at Wipro, a turnaround looks elusive even as investors seem to be losing patience.
Thierry Delaporte wasn’t having a ‘merry’ Christmas last year. Three days before the celebrations, Wipro shares had galloped 7% on rumours that Sanjay Jalona, the former CEO of L&T Infotech, was joining the Bengaluru-based IT company in a ‘senior role’. On December 26, the stock erased some of its gains after the company denied the rumours. For Delaporte, the third CEO of Wipro attempting a turnaround in 12 years, it was not a good sign. The
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