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Are Infosys and Wipro in a crisis of leadership?
Hindustan Times
|December 26, 2023
Infosys Ltd and Wipro Ltd have each seen about two dozen executives at the rank of senior vice-president (SVP) and above leave under the tenures of chief executives Salil Parekh and Thierry Delaporte, respectively, underscoring the challenge of retaining senior leaders at the Bengaluru-based IT twins.
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Since Parekh took over as Infosys boss in January 2018, 22 executives at the rank of SVP and above have left, according to a review of the annual reports and press releases by Mint. The country's second-largest technology services firm gave Parekh, whose first five-year term was to run until January 2023, a second term in May last year; his current tenure runs from July 1 2022 to March 31 027.
Infosys's board may have believed that an early extension to Parekh could usher in stability. But over the past 18 months, at least 11 executives have left, which is the same number of senior management departures witnessed under Parekh's four-and-a-half years as CEO between January 1 2018 and June 30 2022.
Dit verhaal komt uit de December 26, 2023-editie van Hindustan Times.
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