Wipro share price gains 5% on appointment of new CEO & MD
Published On: Friday, May 29, 2020 | By: Team KnowMyStock
IT major Wipro share price gained 5 per cent intraday on May 29 after the company appointed Capgemini's Thierry Delaporte as CEO & Managing Director of the company effective July 6, 2020, He will be based in Paris and report to Rishad Premji. In January this year, the company had said its CEO and Managing Director Abidali Z Neemuchwala had decided to step down from the company. Abidali Neemuchwala will relinquish his position as CEO and MD on June 1. Delaporte was the Chief Operating Officer of Capgemini Group and a member of its Group Executive Board. During his twenty-five year career with Capgemini, he held several leadership roles. Thierry has a Bachelor's degree in Economy and Finance from Sciences Po Paris and a Masters in Law from Sorbonne University.
"Thierry has an exceptional leadership track record, strong international exposure, deep strategic expertise, a unique ability to forge long-standing client relationships, and proven experience of driving transformation and managing technological disruption. We believe that Thierry is the right person to lead Wipro in its next phase of growth," Rishad Premji, Chairman of Wipro, said.
Source: Money Control, Business India, Economic Times
Tags: Wipro CEO MD Thierry Delaporte
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