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| At $1.27mn, Bejars pay was the most among Wipro execs in FY11 |
| Bs Reporters / Bangalore Jun 18, 2011, 00:07 IST |
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Wipro Ltd paid the highest salary to one of its senior woman executives, Martha Bejar, who is now the chairperson and chief executive officer (CEO) of Infocrossing, a company Wipro acquired in 2007. Bejar was paid a little over $1.27 million (Rs 5.67 crore on an exchange rate of 44.54 as stated by the company), according to Wipro’s annual filing in Nasdaq.
Bejar, who joined Wipro Technologies in 2009 as the president of global sales and operations, was appointed the chairperson and CEO of Infocrossing in April. Her compensation package included salary and allowances worth $572,004 and commission/incentives worth $699308.
Suresh Vaswani and Girish Paranjpe, the then joint CEOs of Wipro’s information technology business, were given the second and third-highest salaries during that period. While Vaswani took home a total of $489,487 (about Rs 2.18 crore) and Paranjpe was given a total compensation of $469496 (around Rs 2.09 crore). Both Paranjpe and Vaswani quit the company with effect January 31. This however, does not include the severance package given to them. While Vaswani was given a severance amount of $1,549,620 (Rs 6.9 crore), Paranjpe was paid $1,553,415 (Rs 6.91 crore). Suresh Senapaty, group CFO, Wipro, was the next in line in terms of annual compensation. His gross compensation during the year was $446,316 (about Rs 1.98 crore) which included salary/allowances of $191,691, commission/incentives of $142,793 and housing allowance of $33,678.
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