Wipro appoints Capgemini ex-COO Thierry Delaporte as MD & CEO Infosys CEO Salil Parekh’s salary jumps 27% to $6 million, says Covid-19 may hit profitability Delaporte will also be granted an annual handout of 1.2 million units (worth around Rs 27 crore) comprising 0.3 million restricted units (RSUs) and 0.9 million performance stock units (PSUs). Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the appointment of Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6, 2020. This is what Thierry Delaporte will get as salary from Wipro for 5-years. Last Friday, May 29, Wipro appointed Capgemini’s former COO, Thierry Delaporte, as … Wipro’s Big Bet With New CEO Thierry Delaporte . He will take charge on July 6. Last month, Delaporte, former chief operating officer (COO) of Capgemini Group, was appointed as the new managing director and chief executive office (MD & CEO) of the IT giant with effect from July 6, 2020.This pay package will be around 34 per cent higher than that of the current Wipro CEO Abidali Neemuchwala's total compensation for the financial year 2019-2020 (FY20).
Wipro will also be offering him a one-time cash award of $3 million dollars or Rs 22.8 crore payable over two equal tranches (the first tranche of $1.5mn is payable on July 31, 2020, and the second tranche of $1.5mn is payable on July 31, 2021).The company will also grant 1.2 MN ADS (American Depositary Share) restricted stock units comprising 300,000 ADS Restricted Units (RSUs) and 900,000 ADS Performance Stock Units (PSUs). He also oversaw Capgemini's India operations, and led the group's transformation agenda, conceptualizing and driving several strategic programs across various business units.Delaporte will also be granted an annual handout of 1.2 million units (worth around Rs 27 crore) comprising 0.3 million restricted units (RSUs) and 0.9 million performance stock units (PSUs). First tranche $1.5 million is payable on July 31, 2020, and the second tranche of $1.5 million is payable on July 31, 2021, the annual report said.Until recently, Thierry Delaporte was the COO of Capgemini Group and a member of its Group Executive Board. He will be … During his twenty-five year career with Capgemini, he held several leadership roles including that of CEO of the Global Financial Services Strategic Business Unit, and head of all global service lines. Wipro’s Thierry Delaporte is India’s highest-paid IT CEO  Wipro appoints Capgemini ex-COO Thierry Delaporte as MD & CEOInfosys CEO Salil Parekh’s salary jumps 27% to $6 million, says Covid-19 may hit profitability Thierry Delaporte, the former Chief Operating Officer (CCOO) for the Capgemini Group, is the new CEO of Wipro - India's fourth-largest IT major. Thierry Delaporte is the Chief Executive Officer and Managing Director of Wipro Limited. 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. Getty. Wipro CEO Thierry Delaporte Is India’s Highest Paid IT CEO. The former CEO's remuneration for the year, including stock options, stood at Rs 32.28 crore for 2020, an 18.15 per cent the increase compared to the previous year.Wipro's new Chief Executive Officer Thierry Delaporte Being the first non-Indian CEO, Thierry's basic pay would be in the range of Rs 9.12-11.9 crore (1.07mn-1.4mn Euros per annum), with a target variable pay of Rs 14.4-21.3 crore (1.7-2.5 Euros per annum). Thierry, who will take over the role as CEO and MD from July 6, could take home nearly Rs 50 crore this year, along with stock option benefits. … However, it's not an apple-to-apple the comparison given Abid's earlier roles in TCS is not comparable to Thierry's vast experience in various roles at Capgemini across different geographies and handling scale and experience.
Wipro's new Chief Executive Officer Thierry Delaporte Thierry, who will take over the role as CEO and MD from July 6, could take home nearly Rs 50 crore this year, along with stock option benefits. While the 300,000 units will vest in three instalments over 3 years, the PSUs will vest in full on July 1, 2022, subject to performance. These stock units will be vested fully after one year of the grant date.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.Few others who fall in this top compensation category are like Infosys CEO Salil Parekh drew total compensation of $6.15 million (around Rs 45 crore) in the last financial year. Nasdaq-listed Cognizant's CEO Brian Humphries receives annual compensation of around Rs 44 crore. Thierry has a proven track record of building highly successful businesses, driving change, leading cross-cultural teams as well as conceptualising and integrating mergers & acquisitions. This will bring the Wipro CEO's salary at par with that of other IT giants in the country such as Infosys and Cognizant, according to a Delaporte, who takes over the role from Abidali Neemuchwala, will hold office for five years with effect from July 6, 2020, to July 5, 2025.Thierry, who will be based in Paris, will receive an expatriate allowance in the range of Euro 0.43-0.55 million (Rs 3.65-4.67 crore).