Former Wipro CEO Delaporte earned $20 million in last year at helm

BENGALURU : India’s No.4 IT companies and products firm Wipro paid $20.1 million in annual compensation to former CEO Thierry Delaporte who resigned in April, wisely prior to his five-yr term modified into once characteristic to total in July 2025.

The Frenchman’s compensation integrated $3.9 million in salary and allowances, about $5.1 million in variable pay, the mark of accelerated vesting of his stock alternate suggestions and cash compensation of $4.3 million, the company published in its annual document on Thursday.

Wipro stated the cash cost modified into once “to enable a tender transition, make obvious alternate continuity and to make obvious adherence to post-engagement obligations” similar to affirming confidentiality and fending off making derogatory comments about the company.

“The corporate would rep thought to be the French employment prison guidelines which could be vastly a range of than American and Indian employment prison guidelines and sided against workers,” Shriram Subramanian, the founder of proxy advisory firm InGovern Analysis, stated.

“The compensation appears to be akin to other outdoor CEOs of colossal IT companies and products firms.”

Delaporte modified into once the very most inviting-paid Indian IT CEO in fiscal 2023. In the middle of his tenure, Wipro modified its working model twice in three years, struggled to accumulate colossal offers and witnessed loads of prime-stage departures.

“Increased CEO salaries is a global phenomena in all firms,” Pareekh Jain, the founder of IT study firm EIIR Kind, stated. “These CEOs are also now not sitting in India, you’ve gotten to present them global salaries, and attract by giving higher than what they are able to rep gotten in one more company.”

Delaporte’s exit modified into once the most contemporary in a gaggle of management changes at prime Indian IT firms.

Frail Tata Consultancy Services CEO Rajesh Gopinathan resigned in March 2023 and bought 480 million Indian rupees ($5.77 million) in post-employment advantages. Cognizant paid about $6.5 million to former CEO Brian Humphries, whose employment modified into once terminated involuntarily in 2023.