Wipro announced that Thierry Delaporte will come aboard in the company as its CEO & MD from July 6. Presently, Delaporte is Capgemini’s COO and even an associate in the group executive board.
Thierry Delaporte, Capgemini’s senior executive is all on board to be the subsequent chief executive officer and managing director of Wipro from July 6 onwards. He will be the first foreign citizen to direct the Bengaluru-headquartered company since its onset. This will even be the very first time when one of the top five Indian IT services companies will have a foreign national citizen onboard for driving improvement.
Coincidentally, two of the main Bengaluru-headquartered IT firms — Wipro and Infosys — will now have CEOs and MDs who were previously working with French IT services significantly Capgemini in leadership functions. Salil Parekh, the present-day CEO and MD at Infosys was an associate member of the Group Executive Board at Capgemini, before commencing his current role.
Delaporte’s assignment is significant for Wipro as it happened at a period of time when the company continues to lag its colleagues in driving first-class growth in the former years. As per EIIR Trends, a consultancy firm, in the previous decade (FY10-FY20), Wipro has elevated its revenues by a compound annual growth rate (CAGR) of 6.5 percent, in opposition to 10.3 percent for Infosys and 13.3 percent CAGR for Tata Consultancy Services. The Azim Premji-promoted company reported a 1.7 percent increase in its revenues from the IT segment at $8.256 billion in the previous financial year. Pareekh Jain, IT outsourcing advisor and founder of Pareekh Consulting stated, “Wipro’s new CEO should focus on client mining and acquisitions to enable the firm to grow at double-digit,”
Experts are of the view that Delaporte as CEO will benefit Wipro gain huge deals and enhance the crucial BFSI (banking, financial services, and insurance) element. In Delaporte’s 24 years career with Capgemini, he played various leadership roles, inclusive that of the CEO of the global financial services strategic business unit and chief of the total global service lines.
In FY20, BFSI vertical provided 31 percent to Wipro’s IT services profits and increased 4 percent in persistent currency terms over the preceding financial year. “Under his leadership, Wipro is likely to focus more on the consulting side of the business and strengthening its European operations,” stated Jain.
Delaporte’s experience in supervising Capgemini’s India activities is probably to position him in a good spot in managing the activities of Wipro. Nonetheless, analysts mentioned that the new CEO has to boost the growth possibilities of the firm to fill in the gap in assessment with its peers.