Changes Stir Hopes Of Stability At Wipro – Business Standard | In The News

“Last month, Suresh Senapaty, perhaps the longest serving senior executive of Wipro, retired from the Bengaluru-based company where he spent nearly 35 years. During his last interaction with the media as the chief financial officer and executive director of Wipro, Senapaty talked of how the company had experimented with the management structure in 2008 when it decided on two chief executives because the top post was transitioning from Azim Premji, who was both chairman and CEO at the time. Since 2011, he pointed out,Wipro has had a single CEO, and last month, another rejig created the post of chief operating officer (COO) to support the CEO. While Wipro is yet to acknowledge that Neemuchwala is indeed going to succeed Kurien, Bendor-Samuel, founder and CEO of Everest Group, is quite confident that the new executive is “clearly the heir apparent, with TK (Kurien) having 12 to 18 months left on his contract as the CEO”. Kurien has said in media interviews that he is not “running away” from the company “so quickly” and that all those who report into him have an equal chance of ascending to the top.” Read More.

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