Wipro gets new CEO
January 21st, 2011 - 11:20 am ICT by IANSBangalore, Jan 21 (IANS) India’s software major Wipro Ltd Friday announced the appointment of T.K. Kurien as the chief executive officer (CEO) of its global IT business and executive director of the company.In a regulatory filing, the IT bellwether said its joint chief executives Girish Paranjpe and Suresh Vaswani would step down Feb 1.
Kurien is currently chief executive of the company’s eco-energy division, a new initiative launched early this fiscal.
“The joint chief executive structure was one of the key factors that successfully helped us navigate the worst economic crisis of our times,” Wipro chairman Azim Premji said in a statement here.
Paranjpe and Vaswani have been associated with the company over the last two decades and have been an integral part of the leadership team.
“There is a change in environment, there is a need for a simpler organisation structure. Kurien’s track record with customers, passion for excellence, coupled with strategic thinking and rigor in execution make him uniquely positioned to lead Wipro through the next phase of growth,” Premji said.
- Wipro forecasts $1.4 billion IT revenue in Q4 (Lead) - Jan 21, 2011
- Premji admits Wipro underperformed in Q3, eyes $1.4 bn in Q4 (Second Lead) - Jan 21, 2011
- Wipro shuffles top management - Mar 03, 2010
- Ex-Wipro executive Paranjpe to head US energy firm - May 26, 2011
- Rishad Premji to shape Wipro's future growth strategy - Sep 02, 2010
- Wipro appoints new global head for back office operations - Jun 13, 2011
- Global uncertainty not affecting IT industry: Premji (Second Lead) - Jan 20, 2012
- Wipro net up for quarter, fiscal; sees flat IT growth (Lead) - Apr 27, 2011
- Premji Foundation to open school of education in Hyderabad - Apr 07, 2011
- Wage hike dips Wipro net, projects flat growth - Jul 20, 2011
- Premji selling Wipro shares worth Rs.1,530 crore to fund education - Mar 12, 2012
- Ratings downgrade was inevitable: Wipro - Apr 25, 2012
- Premji bets on large deals from US, Europe and India - Apr 23, 2010
- Wipro upbeat despite flat IT growth - Oct 31, 2011
- No impact of uncertainty on IT business: Premji (Lead) - Jul 20, 2011
Tags: azim premji, bangalore, bellwether, chief executive officer, chief executives, eco energy, economic crisis, energy division, executive director, executive structure, jan 21, kurien, leadership team, organisation structure, paranjpe, rigor, strategic thinking, suresh, vaswani, wipro ltd