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Wipro expands board, restructures IT biz

Wipro expands board, restructures IT biz
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First Published: Fri, Apr 18 2008. 12 21 PM IST
Updated: Fri, Apr 18 2008. 12 21 PM IST
PTI
New Delhi: Country’s third largest IT services company Wipro announced changes in the management structure of its IT business and expansion of its board on 18 April.
The firm appointed Girish Paranjpe, Suresh Senapaty and Suresh Vaswani to the Board of Wipro Ltd.
Wipro also re-structured its IT Business by appointing Girish Paranjpe and Suresh Vaswani as joint-CEOs, the company said in a statement. Paranjpe was the president of the Banking, Financial Services and Insurance Business Unit of the Global IT Business of Wipro.
Suresh Vaswani was the president of Wipro Infotech (the India, Middle East and APAC IT business of Wipro) and of Global Practices (EAS, Testing & TIS). He has been with Wipro since 1985.
Suresh Senapaty has been working with Wipro since 1980, and has been CFO of the company since 1995.
“We are transitioning our leadership to a pair of joint-CEOs who together give twice the leverage to seize these opportunities. Girish and Suresh have been close partners in spearheading the growth of Wipro’s IT business over the past 10 years,” Wipro Ltd Chairman Azim Premji said.
“The inclusion of these new members will add richness and breadth to the Board,” he added.
Sudip Banerjee, currently President of the Enterprise Solutions Business, is also moving as Director on the Advisory Board of PremjiInvest (PI).
Premji said “Sudip has been at the core of the leadership team that has built the IT Business of Wipro. He has significantly contributed to Wipro’s success over the years. While Sudip moves on to his new role in PI, we are sure he will continue to be a great ambassador for Wipro.”
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First Published: Fri, Apr 18 2008. 12 21 PM IST