Narayan AmmachchiIndian IT services giant Wipro is reportedly preparing to find a successor to CEO Thierry Delaporte as the company’s stock continues to plummet in the wake of disappointing financial results.
Suzanne Dann, currently leading Wipro’s Americas operations, has emerged as the front-runner for the job, per The Economic Times. Other contenders include Srini Pallia, a 30-year veteran at Wipro, and Pierre Bruno, who joined the company in 2021.
Wipro’s stock took a 40% nosedive since its December 2021 peak, fueled by weak financial performances and a string of executive departures.
Delaporte, a former Capgemini executive, joined Wipro in 2020 and became India’s highest-paid CEO. However, the company appears to have struggled to secure major deals exceeding US$1 billion during his tenure. This pressure to land larger contracts is believed to have contributed to the recent resignation of Stephanie Trautman, Wipro’s Chief Growth Officer, three years into the role.
Under Delaporte’s leadership, Wipro witnessed the exits of several key executives, including CFO Jatin Dalal, Americas’ CEO Angan Guha and COO Sanjeev Singh.
With mounting pressure and investor concerns, the potential leadership change signals Wipro’s search for a new direction to revive its fortunes and regain investor confidence.
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