Indian IT services giant Wipro has announced the promotion of 31 employees to senior roles, with six being elevated to senior vice president positions and 25 others to vice president roles. This move comes amidst a series of high-profile exits from the company’s leadership ranks.
The promotions are widely viewed as an effort to stem senior-level attrition following the departure of several key executives over the past year, including finance chief Jatin Dalal, Chief Growth Officer Stephanie Trautman, and Digital and Cloud head Barath Narayanan.
Sundar Eshwar, an executive at staffing firm Xpheno, noted that vertical movement to retain talent and control attrition has been effective for many enterprises in India’s $254 billion IT sector. Data from Xpheno indicates that attrition across assistant vice president (AVP), vice president (VP), and senior vice president (SVP) roles in the IT and consulting industry decreased by 4 percentage points to 11% in fiscal 2024.
Wipro confirmed the promotions as part of its ongoing commitment to developing strong internal leaders. However, analysts observed that the number of senior promotions in the current fiscal year is lower compared to previous years, reflecting the company’s lacklustre performance.
Led by CEO Thierry Delaporte, Wipro is expected to be the only one among India’s top four IT firms to experience a decline in revenue for the fiscal year. The reduced number of promotions may provide Wipro with the capacity to hire more specialised talent later in the year, according to Ray Wang, principal analyst and founder of Constellation Research.
Among those promoted to senior vice president roles are key leaders within Wipro, including Chief Delivery Officer Ajit Mahale, healthcare portfolio leader Anuj Kumar, Capco CFO Benjamin Simon, Canada country head Kim Watson, Europe cloud sales head Srinivasaa HG, and the head of its cloud arm’s strategy and execution, Satish Y.
