While the salary of Wipro's outgoing CEO Abidali Neemuchwala increased 12 percent to $4.42 million, others declined. Independent Director . Bengaluru: Software major Wipro's CEO Thierry Delaporte announced the first big restructuring exercise since he took charge of the company, aimed at simplifying the current organisational structure and driving growth in markets beyond the US.The reorganisation will also see the two company veterans retiring from the company over the next few quarters- its president Anand … Wipro does not charge any fee at any stage of the recruitment process and has not authorized agencies/partners to collect any fee for recruitment. Neemuchwala earned Rs 18.23 crore ($2.8 million) in the … Nasdaq-listed Cognizant’s Brian Humphries receives an annual compensation of around Rs 44 crore. Delaporte, who will operate out of Paris, will receive an expatriate allowance in the range of Euro 0.43-0.55 million (Rs 3.65-4.67 crore). Truly shame for us. Azim H. Premji . Non Executive, Non Independent Director. By Debasis Mohapatra. “Either of the parties may terminate the agreement upon written notice in compliance with the provisions of the French rules. Mumbai: TK Kurien, the new chief of the IT business and CEO of Wipro, will get an annual salary package of up to Rs 10 crore. Thierry Delaporte’s pay package would be around 34 per cent higher than the total compensation that Wipro CEO Abidali Neemuchwala received in financial year 2019-20 (FY20). (Image source: LinkedIn/Thierry Delaporte) Information technology (IT) major Wipro on Friday named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). 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. Wipro’s new CEO’s salary falls in the top league as there are only a handful of top executives at Indian or offshore-centric IT services firms who draw such compensation. IT services major Wipro’s Chief Executive Officer-designate Thierry Delaporte could potentially earn up to Rs 40 crore per annum, making him one of the highest paid executives at Indian IT firms. Wipro’s new CEO is not just a changing of the guard; it is a huge opportunity and challenge because it occurs amid a services market inflection point and COVID-19 accelerates the situation. Delaporte, who was previously the chief operating officer (COO) at French IT services and consulting major Capgemini, will assume charge at Wipro on July 6. To verify, just follow the link in the message, Copyright © 2020 Bennett Coleman & Co. Ltd. All rights reserved. Infosys’s CEO Salil Parekh, for example, drew a total compensation of $6.15 million (around Rs 45 crore) in the last financial year. Refrain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks, name calling or inciting hatred against any community. The new CEO will also be granted a one-time stock grant of 0.3 million units (around Rs 6.6 crore) that will be vested fully after one year of grant date. Wipro CEO Abid Ali Neemuchwala will be getting a compensation in the range of $1.3 million and $2.19 million, excluding stock-based compensation and other perks and benefits. Founder Chairman. Wipro CEO Abid Ali Neemuchwala's salary revealed. Wipro pays its employees an average of ₹570,385 a year. According to the company’s annual report, released on Friday, Delaporte will receive a basic pay of Euro 1.07-1.4 million per annum, which translates to around Rs 12 crore at the upper band. Wipro CEO Abid Ali Neemuchwala's salary revealed BENGALURU: Wipro CEO Abid Ali Neemuchwala will be getting a compensation in the range of $1.3 million and $2.19 million, excluding stock-based compensation and other perks and benefits. Can they come down to india and help indian to become worlds no 1?.These CEO' s must think of the country. 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It also brings the Wipro CEO’s salary on par with other top IT firms such as Infosys and Cognizant. India Business News  |  Indian Stock Market News  |  Bollywood Movies  |  Indian Cricket News  |  India News, Rishad Premji to be non-executive chairman at Wipro, Capgemini veteran Thierry Delaporte named Wipro CEO, India fully prepared for any eventuality: CDS Rawat, Kirti Azad applies for Delhi state selector's job, Mumbai: Hundreds gather after rumours of 'free' land, Bollywood producers plea: HC extends interim order. Abidali Z Neemuchwala, chief executive officer (CEO), Wipro, has witnessed a 41 per cent increase in salary, with the Company reporting a 37.74 per cent year-on-year (YoY) growth in consolidated net profit, at Rs 2,483 crore, for the fourth quarter that ended on 31 March, 2019. Independent Directors. 80% Wipro Employees Will Get Salary Hike From January; Upto 8% Salary Hike Announced. Delaporte will be replacing Abidali Neemuchwala who earlier this year announced that he will be stepping down citing … Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premji’s choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Wipro's new CEO Thierry Delaporte to draw up to 4.45 mn euros in annual pay Wipro to offer up to Rs 40 cr in annual salary to its CEO designate The new CEO, who will join on July 6, will be one of the highest paid executives in Indian IT industry Wipro has announced a major organisational restructuring with streamlining of business units and geographies under its new CEO Thierry Delaporte. Delaporte will also be granted annual grant of 1.2 million stock units (worth around Rs 27 crore) comprising 0.3 million restricted units (RSUs) and 0.9 million performance stock units (PSUs). 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