Shares of Wipro Ltd gained about 8% in the last two trading sessions, after it announced the appointment of a new chief executive officer (CEO).
The strong credentials of Thierry Delaporte, who will assume charge as CEO and managing director on 6 July and is a veteran from Europe-based Capgemini Group, have impressed investors.
Outgoing CEO Abidali Neemuchwala had told analysts in April that the management change will be an opportunity for Wipro to bring in fresh ideas and thinking in a new world.
Delaporte had led several transformational programmes at Capgemini. Notably, Delaporte’s being based in Europe should help the company gain a foothold in the continent, where Wipro is seen to be lagging local peers. “The new CEO could help Wipro