Wipro Shares Gain Gain Nearly 7% On Appointment Of New CEO And Managing Director

Wipro shares gained nearly 7 per cent on the BSE after the IT major appointed Capgemini executive Thierry Delaporte as new CEO and managing director.

Wipro Shares Gain Gain Nearly 7% On Appointment Of New CEO And Managing Director

Thierry Delaporte was chief operating officer of Capgemini Group and member of its group executive

Wipro shares gained nearly 7 per cent on the BSE after the IT major announced the appointment of Capgemini executive Thierry Delaporte as the new chief executive officer and managing director. Mr Delaporte will take over from the incumbent, Abidali Neemuchwala on June 1. The shares of Wipro ended the trading session at Rs 213, higher by Rs 13 or 6.6 per cent, on the BSE. The shares touched an intra-day high of Rs 214 and a low of Rs 196 during the day.

Thierry Delaporte began his career in 1992 as a Senior Auditor with Arthur Andersen in Paris and London. He was the chief operating officer of Capgemini Group and member of its group executive board until recently.

Wipro had announced in January that CEO Abidali Z Neemuchwala would be leaving after four years and that he would remain until the appointment of a new CEO. Mr Neemuchwala had joined Wipro as a chief operating officer in 2015 from Tata Consultancy Services (TCS).

The Sensex ended 223.51 points - or 0.69 per cent - higher at 32,424.10 and the Nifty settled at 9,568.95, up 78.85 points - or 0.83 per cent.