Wipro Ltd has announced the resignation of Chief Technology Officer Subha Tatavarti late Monday. She was among the executives brought in by former CEO Thierry Delaporte.
“Ms. Subha Tatavarti, Chief Technology Officer, resigned from the services of the Company to pursue opportunities outside Wipro,” stated the company’s filing to stock exchanges. The filing also mentioned that her last working day would be 16 August.
Tatavarti joined Wipro in March 2021, coming from Walmart Inc., where she led the company’s product, technology development, and commercialization of enterprise infrastructure businesses, along with security, data science, and edge platforms.
Wipro has yet to announce a replacement for Tatavarti.
Her departure marks the fifth change in Wipro’s senior management since Srini Pallia assumed the role of CEO on 6 April, just over four months ago.
Shortly after Pallia’s elevation to CEO, Malay Joshi took over as head of Wipro’s largest market unit, Americas 1, a position Pallia held before becoming CEO. In less than a month, Hari Shetty was appointed as Chief Strategist and Sales Excellence Officer. On 10 May, Anis Chenchah, President of Wipro’s Asia Pacific, India, Middle East, and Africa (APMEA) region, resigned citing personal reasons and was replaced by Vinay Firake, a seasoned company veteran. A week later, Chief Operating Officer Amit Choudhary also resigned to pursue other opportunities and was succeeded by Sanjeev Jain.
An email sent to Wipro seeking comment went unanswered until press time.
Analysts noted that the leadership shake-up was anticipated, with Shriram Subramanian, founder and managing director of InGovern Research Services, stating that the CEO must build his own senior management team. He also mentioned that Wipro had become “top-heavy” in recent years, so the departure of some senior executives could be beneficial.
Kotak Institutional Equities analysts Kawaljeet Saluja, Sathishkumar S, and Vamshi Krishna observed that some senior management turnover is expected in the first year of a CEO transition. They emphasized the importance of minimizing churn, retaining senior leaders, and ensuring smooth leadership transitions. According to them, leadership gaps will likely be filled through a combination of internal promotions and external hires, while maintaining continuity in client relationships.
In a previous earnings call, Wipro’s Chief Human Resources Officer, Saurabh Govil, stated that while leadership would evolve, there would be no major disruption in how the company operates.
Wipro reported $2.64 billion in revenue for the three months ending June 2024, a decline of 1.1% from the previous quarter, falling short of analysts’ expectations of $2.66 billion.
