IT service company Wipro has named Malay Joshi as Chief Executive Officer for ‘Americas 1’ strategic market unit, effective immediately. He succeeds Srinivas Pallia, who was appointed Wipro CEO recently.
“Wipro Limited…announced today the appointment of Malay Joshi as Chief Executive Officer of Wipro Americas 1 Strategic Market Unit, effective immediately,” the release said.
Joshi will also join the Wipro Executive Board, according to a company release. He will be based out of Wipro’s New York City office.
Malay was previously the Senior Vice President and Business Unit Head, leading the communications, media, tech, retail, travel, hospitality and public sector industries, which make up one of Wipro’s largest business units globally.
In this role, he was responsible for helping clients drive successful enterprise transformations, enhancing client experience (CX), strengthening delivery, and ensuring consistent revenue growth in the sectors he leads.
“Malay has been leading one of the largest business units at Wipro and has delivered the highest CAGR over a decade across multiple global businesses,” Pallia said.
Pallia further said Joshi’s client-centricity and deep understanding of the industry make him an ideal fit to lead the ‘Americas 1’ strategic market.
“He is the perfect leader to take the helm of this fast-growing market and write its next chapter of our growth,” Pallia added.
Joshi joined Wipro in 1996 and has had an extensive career spanning over 28 years in various leadership roles across functions, industries, and geographies. He has a strong background in delivery, consultative sales, and client engagement.
He holds a Bachelor’s degree in Information Technology Engineering and has graduated from Harvard Business School’s Leading Global Businesses Executive Program and Advanced Program Management from Stanford University.
Last week, the Bengaluru-headquartered IT major announced the resignation of Thierry Delaporte as CEO and named Srinivas Pallia as the new Chief Executive Officer, with immediate effect.
Wipro’s top boss, Pallia — after taking over the baton from Delaporte at the USD 11 billion IT services firm — in a post on LinkedIn stated that he looks forward to working with 240,000 “Wiproites” and taking the “iconic” company to the next phase of growth.
Wipro’s new CEO Pallia said he is energised by possibilities before the company and the industry, in a new era fuelled by rapid technological progress.
Wipro’s top boss — who took over the baton from Thierry Delaporte at the USD 11 billion IT services firm on Saturday — penned a post on LinkedIn to say he looks forward to working with 240,000 “Wiproites” and taking the “iconic” company to the next phase of growth.
“There’s a lot of work still to be done ahead of us,” Pallia wrote in the recent post.
Pallia also reached out to employees through an email where he talked about his journey of continuous discovery, growth, and learning at Wipro moulding and shaping him into the leader he is today, according to sources.
In the post, Pallia highlighted Wipro’s remarkable resilience and adaptability, and applauded commitment of employees to the company’s collective success.
“As we enter a new era fuelled by rapid technological progress, I am energised by the possibilities ahead for our company and our industry. I look forward to working with all our 240,000 Wiproites around the globe and taking this iconic company to its next phase of growth,” he said.
Pallia said over the past four years, he worked closely with Delaporte and the entire leadership team on an ambitious transformation journey “which has allowed us to optimise our structure, enhance our leadership, and improve our overall efficiency”.
Pallia said he is excited to build on the strong foundation and lead Wipro on its next growth trajectory.
Delaporte too took to LinkedIn to say he is proud of Wipro’s achievements over the last four years, and how, during this period, the earnings, stock value and market-capitalization had grown.
“…growing revenues by 35 per cent. We’ve generated 25 per cent more profit in the last four years than in the previous 4-year period, and the value of our stock and market-capitalisation has grown by 2.5x since 2020,” Delaporte wrote.
(With agency inputs)
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