As per TOI, An Indian multinational corporation, Wipro, is in the final stages of reaching a settlement agreement with its former CFO, Jatin Dalal, and former healthcare head, Mohd Haque.
This agreement is anticipated to be finalized and executed within the week, involving Wipro, Cognizant, Dalal, and Haque.
The agreement aims to resolve any outstanding issues between the parties involved. Once completed, it will mark a significant step toward closure regarding the transitions and potential disagreements arising from Dalal and Haque’s departure from Wipro to join competitor Cognizant.
The company is seeking Rs 25 crore from Jatin Dalal. SightsIn Plus directly hasn’t verified the report.
In January, Wipro and its ex-CFO, Jatin Dalal, who has since moved to Cognizant as CFO, was slated to enter arbitration, following an order from the Bengaluru Civil Court.
The arbitration process was anticipated to help resolve any disputes that arose between Wipro and Dalal regarding his departure and subsequent role at Cognizant.
In September, Cognizant Technology appointed Jatin Dalal as the CFO with the appointment anticipated to be effective in December 2023.
Mohd Haque, formerly Senior Vice President (SVP) overseeing healthcare and medical devices in America at Wipro, departed to assume the role of SVP and Business Unit Head for life sciences at Cognizant.
Recent Appointment at Wipro
Recently, the company announced the appointment of Vinay Firake as the Chief Executive Officer, APMEA Strategic Market Unit (SMU), effective immediately. The company has announced the appointment of Malay Joshi as Chief Executive Officer of Wipro Americas 1 Strategic Market Unit, effective immediately.
Wipro Chief Executive Officer Thierry Delaporte resigned and the company has appointed Srinivas Pallia as its new Chief Executive Officer & Managing Director, effective immediately.
Note: We are also on WhatsApp, LinkedIn, and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click here, to subscribe to YouTube – Click Here, and for LinkedIn– Click Here.
