Wipro’s Chief Growth Officer Resigns Amid Ongoing Transformation

In a latest development IT giant Wipro declared change in its senior leadership as current Chief Growth Officer (CGO) Stephanie Trautman resigned on December 8, 2023.

"Stephanie Trautman will be relieved from the services of the Company with effect from January 31, 2024," Wipro declared in its BSE filing dated Decemeber 8, 2023. Wipro brought Trautman approximately 3-years ago from Accenture Plc.

Stephanie Trautman's resignation letter dated December can also be seen in the BSE filing that Wipro issued yesterday. According to the regulatory filing, "I appreciate the opportunity given to my by Wipro over the past 3 years and am proud of the work we have done together to help transform the company.

However, at this point in my life, I am eager to pursue my personal and professional goals outside of Wipro. Accordingly, I am tendering my resignation and my last day of employment will be 31st January 2024."

Meanwhile, a flurry of top-level exits at Wipro has turned the spotlight on country's leading IT Software company, which has been engaged in the restructuring of its business.

With recent resignation of Jatin Dalal (on September 21, 2023) who held the position of Chief Financial Officer at Wipro, the company in 2023 only witnessed several top-level exits. The large cap IT company saw exits of India head Satya Easwaran, Chief Operation Officer Sanjeev Singh, iDEAS business head Rajan Kohli, VP Gurvinder Sahni, CFO Kamini Shah, CFO Nithin V Jaganmohan, head of healthcare and medical devices unit Mohd Haque, Ashish Saxena, who headed manufacturing and hi-tech business unit.

Meanwhile, soon after Dalal stepped down, Wipro appointed Aparna C Iyer for the post of CFO and issued a BSE filing informing her appointment. "Aparna is an accomplished, results-driven leader. Throughout her 20-year career with Wipro, she has been a dynamic, forward-thinking strategic partner to our business leaders.

She has been integral to our finance transformation over the last few years, playing a key role in our financial strategy and planning, investment programmes, and transformation initiatives," said Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro Ltd.

Jatin Dalal has been the CFO since 2015 and a Wipro veteran for more than 21 years. His last day at the company will be November 30.

Wipro Stock Performance & Return: With the recent resignation of Stephanie Trautman, shares of Wipro will remain in focus on December 11, 2023. Last trading price of Wipro share on BSE is Rs 422.00 per share with intraday gain of 0.91%. Its 52-week high price is Rs 443.60 per share and 52-week low price is Rs 351.85 per share, respectively.

The company has a market capitalisation of Rs 2,20,383.68 crore. Wipro shares soared 3.51% in last 1-week, gained 10.60% in last 1-month, fell 2% in last 3-months, and soared 5% in last 1-year. In last 2-years, Wipro shares tanked 34%.