Wipro does a management reshuffle

by CXOtoday News Desk    Oct 04, 2013

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IT major Wipro has made a slew of changes in its top management by adding new executives to its leadership team, elevating roles of their existing senior management and by creation of new business units. The news was announced right after IT veteran Anand Sankaran, global head of Wipro’s infrastructure services business officially declared his resignation from the company. Sankaran was associated with the company for over two decades, driving infrastructure services business in recent years.

Industry experts believe that whether Wipro is following the footsteps of Infosys, the other IT bellwether that is also brining about a drastic change in its management and other functional areas in recent times.

On a separate statement, the company states that Sankaran’s position will be taken over by Soumitro Ghosh, who was in charge of the BFSI segment. The BFSI business unit that has grown to a $1.6-billion business under Ghosh, will now be headed by Shaji Farooq who left Infosys to join Wipro in September last year to head the Advanced Technologies business.

The other change is that the Advanced Technologies business unit headed by Farooq will be headed by Jeff Heenan-Jalil, the global head of telecom equipment and media verticals who has been with the company since 2007.

Another Wipro veteran G.K. Prasanna, who is the Senior Vice-President and Global Head for Product Engineering Solutions, has been given additional responsibility of heading the Global Infrastructure Services (GIS) business. According to a company statement, all the recently appointed executives will be effective from January next year.

Analysts believe that by bringing changes in their processes, technologies and most importantly top management, Indian IT companies are showing flexibility with the intention to move forward more aggressively in the coming months.

Meanwhile, from a sluggish growth over the past few quarters, Indian IT majors are expected to report robust sales and profit growth for the September 2013 quarter. The ET Intelligence Group estimates over 14% sequential jump in revenues and 24.6% increase in net profit at the aggregate level for top players, including TCS, Infosys, Wipro, and HCL Technologies. Analysts believe this is largely led by a steep decline in the rupee against the dollar during the quarter. From that perspective some believe that a fresh look at the management may further help these companies sustain the growth momentum.