Delaporte's contract was scheduled to end in 2025. This unexpected development means the wait to see the fruits of ongoing turnaround efforts will get longer. Delaporte is replaced by Srinivas Pallia, an old hand at Wipro, as the CEO and managing director immediately.
A comforting factor is that Pallia is a company veteran, and would be more versed with the organization's culture and strategies than an external candidate. This should make the transition smoother, but the same challenges linger. Senior management retention, growing the acquired consulting portfolio, which has been a concern lately, and of course, successfully steering the turnaround efforts to boost revenue are the immediate concerns to be taken care of.
After all, Wipro has been a laggard on the revenue growth front compared to tier-1 IT peers for some time now.
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