Industry experts gave a thumbs up to Wipro’s appointment of company veteran Srinivas Pallia as the new CEO instead of hiring an external candidate for the job, as the IT services major struggled to turn around its business growth over the previous quarters.
Yugal Joshi, Partner at Everest Group, said, “Performance-wise Wipro has been struggling for a long time so this latest development was in the making. They have been grooming leaders for this position and Thiery might have some other personal goals as well.”