Wipro CEO designate Delaporte may draw €4.45 mn annual salary Dec 07 2020, 3:30 AM Dec 08 2020, 7:19 AM December 07 2020, 3:30 AM December 08 2020, 7:19 AM Wipro's new Chief Executive Officer Thierry Delaporte is set to become not only the highest-paid CEO of Wipro but perhaps one of the best-paid CEOs in the Indian IT tech space. Thierry has a proven track record of building highly successful businesses, driving change, leading cross-cultural teams as well as conceptualising and integrating mergers & acquisitions. Being the first non-Indian CEO, Thierry's basic pay would be in the range of Rs 9.12-11.9 crore (1.07mn-1.4mn Euros per annum), with a target variable pay of Rs 14.4-21.3 crore (1.7-2.5 Euros per annum). As per the salary breakup, Delaporte will get a basic salary in the range of €1.1 million to €1.4 million, expatriate allowance between €428,000 and €550,000, and variable pay of €1.7 million-2.5 million, the statement said. Thierry has a proven track record of building highly successful businesses, driving change, leading cross-cultural teams as well as conceptualising and integrating mergers & acquisitions. Bengaluru-based technology major Wipro has offered up to €4.45 million (nearly Rs 38 crore at current exchange rates) in annual remuneration to its incoming CEO Thierry Delaporte, who is set to join the Rishad Premji-led information technology (IT) services firm on July 6. He has been appointed as the company CEO for five years till July 5, 2025, according to the latest company filing. Smarter PC life cycle management with IT hardware performance benchmark and automation. Wipro has … 9.12-11.9 crore (1.07mn-1.4mn Euros per annum), with a target variable pay of Rs 14.4 He will also be eligible for an expatriate allowance in the range of Rs 3.6-4.7 crore (428,000-550,000 Euros), which will be applicable for assignments outside France and India, determined by the company and based on the actual days of such travel. At the lower end of the salary band, he could receive €3.2 million (Rs 27.2 crore). Wipro’s Big Bet With New CEO Thierry Delaporte . The former CEO's remuneration for the year, including stock options, stood at Rs 32.28 crore for 2020, an 18.15 per cent the increase compared to the previous year. His remuneration will include several components apart from the usual cash and stock option that are given to CEOs by companies. Wipro’s new CEO, Thierry Delaporte, outlined a five-point plan for the company’s growth going forward. Capgemini veteran Thierry Delaporte has been appointed to lead Indian IT services giant Wipro. Last Friday, May 29, Wipro appointed Capgemini’s former COO, Thierry Delaporte, as … (Source: Wipro Ltd.) New CEO Drives Wipro Up 70% Without Stepping Into Office. While the US is Wipro’s biggest market now, new chief Thierry Delaporte sees opportunity in Europe and Asia. Delaporte will continue to be based in Paris and is the first foreign-origin CEO at a top tier Indian IT services firm. Wipro Ltd. named Thierry Delaporte chief executive officer, recruiting its new leader from rival Capgemini SE as the Indian company tries to regain momentum in the tech services industry. WhiteHat Jr vs Pradeep Poonia: A timeline of events leading to the defamation case, Watch: Why Bertelsmann India MD Pankaj Makkar believes edtech is here to stay, Deutsche Bank announces multi-year contract with Google Cloud, LetsVenture Angel Fund marks first exit via cloud kitchen Big Spoon secondary deal. He will be paid between 5.9 and 7.2 million euros annually (Rs 50-62 crore), excluding stock compensation according to … Uncover why Wipro is the best company for you. READ: Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte, Wipro's new Chief Executive Officer Thierry Delaporte, Coronavirus crisis: Apple to shut some US stores as COVID-19 cases rise, Apple's 2nd Gen iPhone SE to be made in India soon, says report. Employees up to the B3 band comprise 80% of its 1.8 lakh employees. See all 14,700 Wipro reviews. As indicated in the earnings call to bring certain changes to the way Wipro functions, the company's CEO Thierry Delaporte in an internal email formally announced the new structure at Wipro. Wipro shares have witnessed a resurgence with a gain of 63% from last five months since the appointment of the company's new CEO Thierry Delaporte. Delaporte takes over from Abidali Neemuchwala as CEO – a role that he will perform while based in Paris. Four key executives at IT services provider Wipro have quit after CEO Thierry Delaporte restructured the Bengaluru-based organisation last month. Rohit Adlakha, who was chief information officer, and Ramesh Nagarajan, senior vice president of cloud services, have resigned, sources told ET. 80% Wipro Employees Will Get Salary Hike From January; Upto 8% Salary Hike Announced. Thierry Delaporte has been named the first non-Indian to run the Indian multinational information technology, consulting and business process services business Wipro. This is what Thierry Delaporte will get as salary from Wipro for 5-years. However, it's not an apple-to-apple the comparison given Abid's earlier roles in TCS is not comparable to Thierry's vast experience in various roles at Capgemini across different geographies and handling scale and experience. What are people saying about the leadership at Wipro? Other than that, he will also receive a one-time cash award of $3 million, which will be paid in two equal installments --  one on July 31, 2020 and the other on July 31, 2021, it said. Wipro will also be offering him a one-time cash award of $3 million dollars or Rs 22.8 crore payable over two equal tranches (the first tranche of  $1.5mn is payable on July 31, 2020, and the second tranche of $1.5mn is payable on July 31, 2021). Getty. Is UpGrad spreading itself too thin too fast? 75%. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Wipro rewrites growth strategy under new chief Thierry Delaporte. Wipro chairman Rishad Premji is overseeing the $8 billion corporation’s operations till Delaporte takes over. Thierry Delaporte is the Chief Executive Officer and Managing Director of Wipro Limited. The company will also grant 1.2 MN ADS (American Depositary Share) restricted stock units comprising 300,000 ADS Restricted Units (RSUs) and 900,000 ADS Performance Stock Units (PSUs). Compare pay for popular roles and read about the team’s work-life balance. At the end of the day on Friday, Wipro's common stock was trading at $3.3 apiece. The Thierry Delaporte-led copany is giving hikes to eligible employees in the junior band (B3 and below) effective January 1. Thierry Delaporte is the Chief Executive Officer and Managing Director of Wipro Limited. As the Deputy Chief Executive Officer, Member of the Management Board, and Member of the Executive Board of Capgemini SE, the total compensation of Thierry Delaporte at Capgemini SE is $1,877,710. Saritha Rai; Bookmark. “I look forward to working closely with Rishad, the board, senior leadership and the hugely talented employees of Wipro to turn a new chapter of growth and build a better tomorrow for all our stakeholders,” Delaporte said in the company’s annual report for the financial year 2019-20. Rishad Premji took charge as chairman in July last year after his father Azim Premji announced his retirement. Additionally, Wipro in May also appointed former HDFC managing director Deepak M Satwalekar as an independent director, replacing former State Bank of India chairperson Arundhati Bhattacharya, who recently took charge as software firm Salesforce’s India CEO. Thierry, who will take over the role as CEO and MD from July 6, could take home nearly Rs 50 crore this year, along with stock option benefits. Find out what works well at Wipro from the people who know best. Thierry Delaporte is CEO/Managing Director at Wipro Ltd. See Thierry Delaporte's compensation, career history, education, & memberships. Separately, the board in May approved the reappointment of Wipro founder Azim Premji as non-executive director on its board. Work environment is good but salary and increments are low, wipro gives only single digit hikes 1 to 5 % max people will get ,10 % emplyeess get 5 to 9 %. In a board meeting on May 29, Wipro appointed Delaporte, who was Capgemini COO until this assignment, as its managing director and CEO for five years. The IT company is said to be the highest among the industry peers in the last five months. Employees up to the B3 band comprise 80% of … Thierry Delaporte. While the 300,000 units will vest in three instalments over 3 years, the PSUs will vest in full on July 1, 2022, subject to performance. The Thierry Delaporte-led Wipro is spreading some early New Year cheer. Other than Rishad Premji and Delaporte, Wipro’s executive top brass includes COO  Bhanumurthy BM, CFO Jatin Dalal and chief human resources officer Saurabh Govil. There are 2 executives at Capgemini SE getting paid more, with Paul Hermelinhaving the highest compensation of $2,763,780. Satwalekar is also an independent director on the board of Asian Paints and Piramal Enterprises. He will get other benefits such as health, life and motor insurance and retirement benefits as well. He will be paid between 5.9 and 7.2 million euros annually (Rs 50-62 crore), excluding stock compensation according to Wipro… Wipro CEO Thierry Delaporte Is India’s Highest Paid IT CEO. Thierry Delaporte, chief executive officer, Wipro, slashed the top ranks of leadership from 25 people to four and stepped up acquisitions, with more on the way Delaporte’s salary at gross level is nearly 17% higher than the company’s former CEO Abidali Neemuchwala, who received €3.79 million (Rs 32.3 crore) during the last financial year, a statement said. Neemuchwala stepped down from the position on June 1, citing family commitments. The strategic rejig by Wipro under the leadership of its new chief executive officer (CEO) Thierry Delaporte is a step in the right direction, but execution holds the key to get the desired outcomes. Delaporte has been able to manage this feat without stepping into the office since the time of his appointment. While Delaporte’s appointment is approved by Wipro’s board, the company has placed the resolution for shareholders’ approval, which will take place at its annual general meeting on July 13. In comparison, former CEO Abidali Z Neemuchwala's pay looks pale. BENGALURU: Wipro CEO designate Thierry Delaporte could be the costliest executive ever to be hired by an Indian IT services provider. Wipro CEO Thierry Delaporte, in an email to employees, on Thursday stressed on organisational changes.There will be a newly-created role of chief growth officer who will play a key role in driving large deals and strengthening relationships with hyper-growth partners besides overseeing marketing, advisor/analyst relationships, sales excellence and sales enablement, Delaporte added.Get … of employees approve of Thierry Delaporte’s performance as CEO. Delaporte will also receive 12,00,000 American depositary shares (ADS), which comprise 3,00,000 restricted stock units and 9,00,000 performance stock units. BENGALURU: Wipro CEO designate Thierry Delaporte could be the costliest executive ever to be hired by an Indian IT services provider. 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