Wipro’s Thierry Delaporte to be highest Paid CEO in IT Industry
Thierry Delaporte, CEO and MD designate of Wipro Limited could be the highest Paid executive ever to be hired by an Indian IT services firm. He will be paid an annual pay package of up to 4.45 million euros (about Rs 37.9 crore), according to Wipro’s shareholder notice for its upcoming AGM, According to the Economic Times report.
Wipro’s outgoing CEO Abidali Neemuchwala had drawn a compensation of Rs 32.2 crore in the financial year 2020 (rupee equivalent to amounts paid in US dollars), Wipro’s annual report said.
Comparison with other CEO’s of TCS, Infosys, Tech Mahindra and HCL
- TCS has recently slashed the salary of its CEO Rajesh Gopinathan to Rs 13.3 crore from Rs 16.04 crore last fiscal year.
- Infosys CEO Salil Parekh will draw Rs 34.27 crore salary in FY2020.
- Tech Mahindra CEO CP Gurnani drew Rs 22.3 crore salary last year.
- HCL CEO Vijayakumar drew Rs 27.94 crore salary last year.
As COO of Capgemini, Delaporte was paid about $4.9 million in 2019, which included $1.9 million in fixed and variables and the rest through share grants.
Now, Wipro’s new CEO’s salary will fall in the top league along with a handful of others from the IT services firms, who draw such massive compensation.
Thierry Delaporte will assume the role of CEO & MD, effective July 6, 2020. Until recently, Thierry was the Chief Operating Officer of Capgemini Group and a member of its Group Executive Board. He was earlier the Chief Executive of the Global Financial Services Strategic Business Unit, and head of all Global Service Lines where he was responsible for charting the strategic direction, growth and expansion of these businesses.
He also oversaw the group’s India operations and was previously the Chief Executive of Capgemini’s Latin America business. Thierry also served as the Chief Financial Officer of North America, and the group’s Global Outsourcing Business.
Thierry began his career in 1992 as a Senior Auditor with Arthur Andersen in Paris and London.
He has a Bachelor’s degree in Economy and Finance from Sciences Po Paris and a Masters in Law from Sorbonne University.