Wipro promotes over 70 executives to stem attrition at top level

Wipro, India’s fourth largest IT major, has elevated over 70 executives as senior vice presidents (SVPs) and vice presidents (VPs) in recent weeks.

Around 12 people have been awarded the SVP rank, while 61 got promoted to the VP rank. Livemint was first to report the development stating that the move is to stem attrition at the top level.

With the recent promotions, the Bengaluru-based IT firm now has around 200 VPs and 32 SVPs.

“As we grow and evolve as a company, it is important to ensure that we have the right leadership at the helm. We can confirm that 12 senior executives have been promoted to the post of Senior Vice President. Additionally, 61 executives have been elevated to the position of Vice President, the highest number of VP promotions that Wipro has ever made,” the company said in response to ET’s queries.

“These promotions are a recognition of their performance and potential,” it added.

The move comes as the IT industry continues to battle high rate of attrition, especially at the fresher and senior levels over the last few months.

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Even in the case of Wipro, those who left the firm include Tomoaki Takeuchi, the country head of Japan. Others who have quit over the past few weeks are Sarah Adam–Gedge, managing director, Australia and New Zealand; Douglas Silva, country head for Brazil; and Mohammed Areff, country head and managing director of the Middle East region.

Also, company veteran and former CEO of Americas 2 market Angan Guha had moved on and joined midcap firm Birlasoft as its CEO.

The company will announce its third quarter results on Friday.

According to experts, the attrition or number of employees leaving in the last 12 months has come down in the range of 17-18% across the tech industry, ET reported in December 2022.

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