Wipro shares nosedived over 9 pc after missed earnings expectations
Shares of IT major Wipro nosedived on Monday by nearly 9.3 per cent over missed expectations in its April-June quarter results and a weak guidance for the next quarter.
Bengaluru- headquartered information technology services major Wipro has announced the appointment of Anup Purohit as its Chief Information Officer.
A company statement said that Purohit brings with him over 25 years of experience across banking and financial services, centered around innovation in digital banking, financial management, business solutions & service delivery, portfolio & program management, risk & controls and information security.
In his most recent role as the CIO of Yes Bank, he was in charge of spearheading Business Technology Transformation and Digital Innovation strategy with a relentless focus on bringing future technology into the bank’s current technology stack.
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Prior to that, Purohit was associated with financial institutions such as RBL, Barclays and JPMC in leadership roles, where he was responsible for building technology platforms and processes, IT infrastructure solutions and service delivery.
Purohit said: “I am excited with the opportunity of joining Wipro and playing a role in the transformation journey. I look forward to draw from my prior experience and knowledge, and endeavour to guide businesses as they move forward in the new digital world”.
In his new role, as Chief Information Officer, Purohit will report to Sanjeev Singh, Chief Operations Officer.
“As enterprises reposition themselves and aggressively move towards digital technologies, the role of the CIO in driving transformation has become more significant and complex. I am pleased to welcome Anup and am confident his industry experience will add immense value to the team,” said Sanjeev Singh, Chief Operations Officer, Wipro Ltd.
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