Wipro appoints Paranjpe, Vaswani as joint CEOs of IT business
Wipro Ltd on Friday annnounced the appointment of senior executives Girish Paranjpe and Suresh Vaswani as joint CEOs of its IT business.
The Bangalore-headquartered, New York Stock Exchange listed firm also announced expansion of its Board of Directors, bringing in Paranjpe, Chief Financial Officer Suresh Senapaty and Vaswani.
Paranjpe has been with Wipro since 1990, and most recently was the President of the Banking, Financial Services and Insurance business unit of the company's global IT business.
Vaswani, who joined the company in 1985, was the President of Wipro Infotech, the India, Middle East and APAC (Asia Pacific) IT business of Wipro, and of Global Practices (EAS, Testing & TIS).
Chairman of Wipro, Azim Premji said Wipro has a tremendous opportunity to grow its leadership position in providing end-to-end IT, R & D and BPO services to its clients globally.
"We are transitioning our leadership to a pair of joint CEOs, who together give twice the leverage to seize these opportunities", Premji told a press conference. "Girish and Suresh have been close partners in spearheading the growth of Wipro's IT business over the past ten years".
He said Sudip Banerjee, currently President of the enterprise solutions business, is moving in June as Director on the Advisory Board of PremjiInvest,which is into investment in long-term securites and private equity.