Exodus of senior leadership and growth behind its peers are reasons that have prompted Thierry Delaporte, the chief executive officer (CEO) of Wipro to resign, analysts said.
Delaporte, Wipro's seventh CEO, also resigned without completing his five-year term, like his predecessor Abidali Neemuchwala decided to end his tenure prematurely in 2020.
Phil Fersht, HFS Research CEO and chief analyst believes the change in leadership was at least six months overdue.
"The morale has been sapped out of Wipro for a year now," he said.
Delaporte took over as Wipro CEO on July 6, 2020 from Capgemini.
Since then, the firm has been undergoing restructuring, which has seen several senior-level exits. In 2023, close to 10 senior executives resigned.
The most significant ones were CFO, Jatin Dalal who joined Cognizant, and the chief growth officer Stephanie Trautman.
"He brought in many executives from outside of Wipro and neglected the loyal Wiproites who had built the company. This has resulted in many A players leaving the firm.
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