Page 6 - Ceo

Wipro's CEO Srinivas Pallia set to get annual remuneration of about $6 mn

Wipro's new CEO Srinivas Pallia will receive an annual remuneration of up to USD 6 million (about Rs 50 crore), according to a regulatory filing by the Bengaluru-headquartered IT company. Earlier in April, Wipro announced the appointment of Pallia as its new CEO and MD, following the sudden resignation of Thierry Delaporte. Delaporte's annual salary of over Rs 80 crore at Wipro had made headlines last year. According to a Wipro filing related to notice of postal ballot, Pallia's remuneration will range between USD 3.5 million to USD 6 million per annum (at the lower and upper end of basic and target variable pays). "... the consent of the members be and is hereby accorded for the appointment of Srinivas Pallia as the Chief Executive Officer and Managing Director of the company, to hold office for a period of five years with effect from April 7, 2024 to April 6, 2029, on the terms and conditions of appointment, including payment of remuneration with effect from April 7, 2024...," the

BP appoints Kartikeya Dube as India head, to replace Mukundan from July 1

BP on Tuesday announced the appointment of Kartikeya Dube as the new India head, replacing long-time executive Sashi Mukundan who is retiring. In a statement, the company said Dube has been appointed Head of Country (HoC) and senior vice president (gas and low carbon) for India with effect from July 1, 2024. "Sashi Mukundan, who has been with bp for over 42 years, of which 15 were spent leading bp in India, will be retiring and will ensure a seamless transition to Kartikeya," it said. In the last 20 plus years that he has spent with BP, Dube held senior roles in finance, commercial and business transformation in India, Singapore and the UK. Last year, he took the role of vice president, group investor relations in BP's head office in London driving investor engagement. Previously, he was closely involved with setting up the BP joint ventures with Reliance Industries Ltd in India. From 2020 until 2023, he was the CFO for Jio-bp (the mobility joint venture of BP and Reliance). "Now

UBS gets backing for capital plan, Ermotti pay from Norway wealth fund

The move could come at a cost for shareholders, who could see their holdings diluted in a crisis

Pine Labs' Setu names former SAP India executive Raisinghani as its CEO

He will work closely with Setu's co-founder Nikhil Kumar, the company said in a release

RBI rejects Tamilnad Mercantile Bank's proposal for CEO candidate

Bank has been asked to submit "fresh panel of candidates with suitable experience" for the position of chief executive

Wipro's leadership crisis gets more severe with Thierry Delaporte's exit

While analysts and industry watchers saw Delaporte's exit coming, it was not expected to be this abrupt, this soon

Srini Pallia's job as Wipro CEO: Drive growth, stem senior-level exits

Pallia joined Wipro in 1992 as product manager and moved to the US in 2000 as general manager, US central

Bandhan Bank CEO Chandra Shekhar Ghosh to step down after tenure

'I started with my own savings, contributions from some relatives and borrowings from moneylenders. Once the model was proven, financial institutions came forward to lend and support.'

Hunt to find Disney CEO Bob Iger's successor kicks into high gear

The board has extended Iger's retirement date five times, continually deferring decisions about finding a replacement

P&G India appoints Kumar Venkatasubramanian as CEO with effect from May 1

Leading FMCG maker P&G India on Monday announced the appointment of Kumar Venkatasubramanian as CEO, with effect from May 1, 2024. The current CEO, L V Vaidyanathan will leave the company to pursue personal interests after 28 years of service, a statement from P&G India said. Kumar is currently leading the P&G business in Australia and New Zealand as CEO. Before the Australia role, Kumar was leading sales team in P&G India until 2020, it added. Kumar, an alumnus of IIM Calcutta started his journey with P&G in 2000 in sales team in India, straight from the campus. P&G owns popular brands such as Ariel, Gillette, Head & Shoulders, Oral-B, Pampers, Pantene, Tide, Vicks and Whisper. P&G President, Asia Pacific, Middle East, and Africa Stanislav Vecera said:"The India business and people will immensely benefit from his (Kumar's)leadership and vision, and collectively I am certain they will take the India business to new heights while maintaining a balanced ..

Goodricke MD Atul Asthana decides to step down; cites personal reasons

"The Group made profits up to 2022. It's only in 2023 a loss was reported mainly due to depressed price realisation," said Asthana

Tata AIA Life Insurance appoints Venkatachalam H as new MD and CEO

Venkatachalam will take over from the incumbent, Naveen Tahilyani, who will be moving to another role in the Tata Group and has been elevated as a Non-Executive Director of Tata AIA Life Insurance Co

Loose bolts found in many boeing 737 Max 9 aircraft, says Alaska Air CEO

"I am angry. I'm more than frustrated and disappointed," he said. "My demand on Boeing is what are they going to do to improve their quality programs in-house?"

Our top priority is to continue focus on high-quality assets: P R Seshadri

The managing director (MD) and chief executive officer (CEO) of the Kerala-based South Indian Bank, Seshadri talks about his priorities, the bank's growth roadmap and third quarter numbers

Udaan's CFO Aditya Pande quits to join IndiGo parent as group CEO

Pande will report to Rahul Bhatia, CEO, InterGlobe, and all the existing direct reports would, in turn, report to Pande

Business leaders leave Davos to game out 2024 geopolitical scenarios

Many CEOs and executives told Reuters they foresee an upbeat U.S. economy in 2024, but are concerned about China and Europe, and the impact of unexpected global shocks on inflation

Adani Group firms face busy HR year, see internal rejig as businesses grow

Spokesperson says similar adjustments made in the past while expanding into new sectors

AI start up CEO held for son's murder: Estranged husband meets Goa cops

The estranged husband of Suchana Seth, the AI start up CEO accused of killing her four-year-old child, on Saturday appeared before Calangute police in Goa as part of the probe, an official said. Seth allegedly smothered her son to death in a service apartment in Candolim in north Goa, packed his corpse in a bag and hailed a taxi to go back to Bengaluru but was arrested mid-way on January 8 in Chitradurga in Karnataka, as per police. "Venkat Raman, the accused's husband, arrived here from Bengaluru in the afternoon and reached Calangute police station. We will be recording his statement in the case as part of the probe," the official said. Raman was in Jakarta in Indonesia when the murder took place. According to police, as per the initial investigations the woman smothered her son to death before trying to commit suicide by slashing her wrist.

DealShare elevates Kamaldeep Singh as CEO, third cofounder Medda quits

DealShare emphasized that it remains sufficiently well-capitalized and enjoys strong support from its board and investors

Sanjiv Aggarwal appointed as NIIF's CEO and MD, to take charge in Feb

Sanjiv Aggarwal's appointment will be effective in February 2024. He succeeds Rajiv Dhar, who has served as interim CEO & MD since May 2023