Home / Companies / News / Wipro's new CEO Thierry Delaporte to draw up to 4.45 mn euros in annual pay

Wipro's new CEO Thierry Delaporte to draw up to 4.45 mn euros in annual pay

His remuneration will include basic pay in the range of 1.07-1.4 million euros per annum and a target variable pay in the range of 1.7-2.5 million euros per annum

Premium

Delaporte, 53, will also receive an expatriate allowance in the range of 428,000-550,000 euros 'for assignments outside France and India'

Press Trust of India New Delhi

2 min read Last Updated : Jun 19 2020 | 9:59 PM IST

Wipro's incoming CEO Thierry Delaporte will receive an annual pay package of up to 4.45 million euros (about Rs 37.9 crore) as well as stock compensation and other benefits, according to regulatory documents.

In a notice for its 74th annual general meeting (AGM), Wipro said it will seek shareholders' nod for appointment of Delaporte as the CEO and managing director. The AGM will be held on July 13 through video-conferencing.

Delaporte, who takes over the role from Abidali Neemuchwala, will hold office for five years with effect from July 6, 2020, to July 5, 2025.

ALSO READ:

Topics : Wipro CEO pay

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in