Shaji Farooq to be head of BFSI;BANGALORE, India and EAST BRUNSWICK, N.J., Oct. 3, 2013 — (PRNewswire) — Wipro Ltd. (NYSE: WIT), a leading global Information Technology, Consulting and Outsourcing company today announced the appointment of Senior Vice President Shaji Farooq as the global head of its Banking, Finance Services and Insurance (BFSI) strategic business unit. Shaji, who is currently leading the company's Advanced Technologies Service Line and Go-To-Market transformation initiatives, will take over from Senior Vice President Soumitro Ghosh, who will now head Wipro Infotech, the India and Middle East business.
With the growth momentum picking up in the US and European economies, the financial services industry presents significant opportunities. Shaji's long experience with the BFSI sector in the past stands him in good stead to shape Wipro's strategy for this vertical and help seize emerging opportunities. He will continue to be based in New York.
A Wipro veteran of 25 years, Soumitro Ghosh has played varied roles including his current position as the global head of BFSI. A founding member of the BFSI Strategic Business Unit, he has played a significant role in building this vertical and making it the largest BU of the company today. Soumitro will now power the India & Middle East businesses to maintain Wipro's leadership position in these markets. Soumitro will continue to operate from Bangalore.
G K Prasanna, will take charge as the Senior Vice President & Global Head for Global Infrastructure Services (GIS) in addition to his current role as SVP & Global Head for Product Engineering Solutions (PES). GKP, who has been with Wipro for more than 25 years, is an acknowledged authority on the IT Infrastructure Services business. He was the head of Wipro's Technology Infrastructure Services business between 2000 through 2009 and is credited with launching several innovative service delivery models.
Jeffrey (Jeff) Heenan Jalil, who has held several leadership roles including Head of Sales for Manufacturing in Europe, Chief Sales & Operations Head for Europe, and most recently, Vice President and Global Head for Telecom Equipment Vendor and Media Verticals will assume the position of Vice President & Global Head of Advanced Technologies.
Commenting on the organizational re-alignment, T K Kurien, CEO & Executive Director, Wipro Ltd. said, "Our strategy of driving a significantly higher degree of customer engagement and hyper growth has been paying dividends. In order to sustain this momentum, our leadership team has spent considerable time reviewing market opportunities, and sharply defining the focus areas that would fuel our growth ambition. The exercise reaffirmed our conviction in our chosen strategy. We are committed to better aligning our internal organization with our clients' needs and to make investments in driving predictability and automation in our delivery."
Shaji, Soumitro, G K Prasanna and Jeff will report into Chief Executive Officer and Executive Director, T.K. Kurien, Wipro Ltd. These appointments will be effective Jan 1, 2014.
After a sterling career of over 24 years with Wipro, Anand Sankaran, currently Senior Vice President for Global Infrastructure Services and Wipro Infotech, has decided to pursue a career outside of Wipro. Anand has played a significant role in growing these businesses and Wipro thanks Anand for his contribution and wishes him the very best in his future endeavors.
About Wipro Ltd.
Wipro Ltd. (NYSE: WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 57 countries. For more information, please visit www.wipro.com.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
SOURCE Wipro Ltd.
Vipin Nair, Wipro Limited
Phone: +91 80 39916260