Wipro Creates Record 200 VPs, 32 SVPs: Promotes 73 Senior Employees To Stop Attrition


Rohit Kulkarni

Rohit Kulkarni

Jan 20, 2023


The fourth-largest IT services company in India, Wipro Ltd. has announced a record number of senior-level promotions to reinforce its leadership and retain talent. The IT services firm has elevated 73 employees including senior executives and executives.

Wipro Creates Record 200 VPs, 32 SVPs: Promotes 73 Senior Employees To Stop Attrition

Wipro rolls out record senior promotions to retain talent

In order to bolster its leadership pipeline, Wipro Ltd. has now announced a record number of senior promotions. The business promoted 12 top executives to the position of senior vice president (SVP), while 61 others were given the title of vice president (VP). As a result, Thierry Delaporte, the CEO of the tech company, is now working with around 200 VPs and 32 SVPs.

This change coincides with a period of significant senior exists from the company.

“As we grow and evolve as a company, it is important to ensure that we have the right leadership at the helm. We can confirm that 12 senior executives have been promoted to the post of senior vice president. Additionally, 61 executives have been elevated to the position of vice president, the highest number of VP promotions that Wipro has ever made,” said the company in response to an email query from Mint.

The Attrition Rate

The company, which recorded a 23.3% attrition rate in the July-September quarter, will release its results for the months of October and December on Friday. At least four senior executives who were in-charge of the company’s operations in four countries left Wipro the previous year. They were – Douglas Silva, who oversaw business in Brazil; Tomoaki Takeuchi, who joined as head of business for Japan; Sarah Adam-Gedge, who took over as managing director of Australia and New Zealand; and Wipro’s head of business for the Middle East region, Mohammed Areff.

Among Wipro’s most important retention strategies has been the use of promotions, particularly for keeping senior talent. The business made the decision to give its top talent quarterly promotions at the start of the fiscal year. Some of them received an early promotion in July, and in addition, in September, they received an approximately 10% pay raise.


Rohit Kulkarni
Rohit Kulkarni
  • 775 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online