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Wipro’s CEO to earn Rs 62 crore, highest in IT, HR News, ETHRWorld


hr.economictimes.indiatimes.com | www.ETHRWorld.com

<p>Thierry Delaporte will take charge as the Chief Executive Officer and Managing Director of Wipro on July 6, 2020.<br /></p>
Thierry Delaporte will take charge as the Chief Executive Officer and Managing Director of Wipro on July 6, 2020.

BENGALURU: Wipro CEO designate Thierry Delaporte could be the costliest executive ever to be hired by an Indian IT services provider. He will be paid between 5.9 and 7.2 million euros annually (Rs 50-62 crore), according to Wipro’s shareholder notice for its upcoming AGM.

His predecessor Abidali Neemuchwala was paid $4.4 million (Rs 34 crore) in the last fiscal. Former Infosys CEO Vishal Sikka was paid $6.8 million in 2016-17, his last full fiscal as CEO, and that equated to Rs 45 crore going by the exchange rate then.

Delaporte, who was COO at Capgemini prior to this, will receive a basic pay of 1.1-1.4 million euros, expatriate allowance of 428,000-550,000 euros, target variable pay of 1.7-2.5 million euros and a one-time bonus of 2.7 million euros. This, however, does not include annual stock grants and RSU grants.

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.



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