- Economy
- Education And Career
- Companies & Markets
- Gadgets & Technology
- After Hours
- Healthcare
- Banking & Finance
- Entrepreneurship
- Energy & Infra
- Case Study
- Video
- More
- Sustainability
- Web Exclusive
- Opinion
- Luxury
- Legal
- Property Review
- Cloud
- Blockchain
- Workplace
- Collaboration
- Developer
- Digital India
- Infrastructure
- Work Life Balance
- Test category by sumit
- Sports
- National
- World
- Entertainment
- Lifestyle
- Science
- Health
- Tech
Wipro Sees More Top-level Exits
Wipro has witnessed a series of senior level exits this year. Notable departures include Nithin Jaganmohan, CFO of Americas 2; Rajan Kohli, Head of the iDEAS business; Sanjeev Singh, Operations Head; and Satya Easwaran, India Head
Photo Credit :
Wipro continues to experience departures at the senior level, with the recent exits of Mohd Haque, Senior Vice President and Head of Healthcare and Medical Devices for the Americas, and Ashish Saxena, Senior Vice President and Head of the Manufacturing and Hi-tech Business Unit.
Wipro confirmed their departures, stating that Haque would be leaving in June, while Saxena and Gurvinder Sahni had already left to pursue other opportunities. The company expressed gratitude for their leadership and contributions.
Gurvinder Sahni had previously departed to join Persistent Systems as their Chief Marketing Officer following a 20-year tenure in various roles at Wipro. Haque had served with Wipro for 10 years, holding positions such as Vice President Global Business Head of Healthcare and Vice President of Enterprise Application Services. Saxena, who had been with Wipro for over five years, also served as the US Country Council Leader-Midwest.
Wipro has witnessed a series of senior-level exits this year. Notable departures include Nithin Jaganmohan, CFO of Americas 2; Rajan Kohli, Head of the iDEAS business; Sanjeev Singh, Operations Head; and Satya Easwaran, India Head.
Previous exits include Sarah Adam-George, Head of Australia; Douglas Silva, Head of Brazil; Tomoaki Takeuchi, Head of Japan; Mohammed Areff, Head of the Middle East; and Angan Guha, CEO of Americas 2. Deepak Acharya, the General Counsel and Chief Risk Officer, also left the company.
Wipro's performance has been impacted by the global slowdown. In Q4, the company reported a 0.4 per cent year-on-year decline in net profit at Rs 3,074.5 crore, citing a challenging macro-environment.
Sequentially, profit increased by a modest 0.7 per cent from the previous quarter, falling short of market expectations. Revenue from operations experienced an 11 per cent year-on-year growth at Rs 23,190 crore, but a 0.2 per cent quarter-on-quarter decline.
The management attributed the decline to market uncertainty and a slowdown in discretionary spending. Margins remained flat sequentially at 16.3 per cent, aligning with market expectations.