Whereas, top IT company TCS's CEO Rajesh Gopinathan's compensation in the financial year 2020 stood at Rs 13.3 crore. He has been appointed as the company CEO for five years till July 5, 2025, according to the latest company filing.His remuneration will include several components apart from the usual cash and stock option that are given to CEOs by companies. Wipro’s Big Bet With New CEO Thierry Delaporte . Last Friday, May 29, Wipro appointed Capgemini’s former COO, Thierry Delaporte, as … The former CEO's remuneration for the year, including stock options, stood at Rs 32.28 crore for 2020, an 18.15 per cent the increase compared to the previous year.Wipro's new Chief Executive Officer Thierry Delaporte This will bring the Wipro CEO's salary at par with that of other IT giants in the country such as Infosys and Cognizant, according to a Delaporte, who takes over the role from Abidali Neemuchwala, will hold office for five years with effect from July 6, 2020, to July 5, 2025.Thierry, who will be based in Paris, will receive an expatriate allowance in the range of Euro 0.43-0.55 million (Rs 3.65-4.67 crore).
Getty. First tranche $1.5 million is payable on July 31, 2020, and the second tranche of $1.5 million is payable on July 31, 2021, the annual report said.Until recently, Thierry Delaporte was the COO of Capgemini Group and a member of its Group Executive Board. Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the appointment of Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6, 2020. Chris Wood- Greed And Fear | RBI not extending loan moratoriums is a positiveSushant Singh Rajput's sister Shweta urges people to join a global 24 hour prayer for himTata Steel believes the worst is behind, Hindalco Industries, Berger Paints to announce Q1 resultsPFI mob completely unmasked, EXPLOSIVE videos & chats show plot to burn city | The Newshour AgendaUS next round of stimulus delayed, Precious metals recover overnight as equities and dollar dipJ&K: Mata Vaishno Devi Yatra to resume from August 16Sushant Singh Rajput's sister calls for 'global prayer'Man smashes car window to save dog left inside vehicleIncome tax deduction on FD interest for senior citizensGold falls sharply for 2nd day, silver cracks by Rs 5k/kgTikTok in early talks with RIL to sell its India businessWill the rise of Kamala Harris matter for Indian industry?Hindu Succession Act ruling can open litigation floodgates Thierry, who will take over the role as CEO and MD from July 6, could take home nearly Rs 50 crore this year, along with stock option benefits. This is what Thierry Delaporte will get as salary from Wipro for 5-years. While the 300,000 units will vest in three instalments over 3 years, the PSUs will vest in full on July 1, 2022, subject to performance. Wipro appoints Capgemini ex-COO Thierry Delaporte as MD & CEO Infosys CEO Salil Parekh’s salary jumps 27% to $6 million, says Covid-19 may hit profitability Delaporte will also be granted an annual handout of 1.2 million units (worth around Rs 27 crore) comprising 0.3 million restricted units (RSUs) and 0.9 million performance stock units (PSUs). During his twenty-five year career with Capgemini, he held several leadership roles including that of CEO of the Global Financial Services Strategic Business Unit, and head of all global service lines. Thierry Delaporte, the former Chief Operating Officer (CCOO) for the Capgemini Group, is the new CEO of Wipro - India's fourth-largest IT major. IT services major Wipro’s Chief Executive Officer-designate Thierry Delaporte could potentially earn up to Rs 40 crore per annum, making him one of the highest paid executives at Indian IT firms. Updated Jun 20, 2020 | 17:40 IST Wipro's new Chief Executive Officer Thierry Delaporte is set to become not only the highest-paid CEO of Wipro but perhaps one of the best-paid CEOs in the Indian IT tech space. Wipro’s Thierry Delaporte is India’s highest-paid IT CEO Wipro appoints Capgemini ex-COO Thierry Delaporte as MD & CEOInfosys CEO Salil Parekh’s salary jumps 27% to $6 million, says Covid-19 may hit profitability
These stock units will be vested fully after one year of the grant date.Now, Wipro's new CEO's salary will fall in the top league along with a handful of others from the IT services firms, who draw such massive compensation.Few others who fall in this top compensation category are like Infosys CEO Salil Parekh drew total compensation of $6.15 million (around Rs 45 crore) in the last financial year. He will also have a variable pay in the range of Euro 1.7-2.5 million per annum, which comes around Rs 21.2 crore.He will also get a cash award of $ 3 million (Rs 22.5 crore), payable in two tranches. Wipro CEO Thierry Delaporte Is India’s Highest Paid IT CEO. Thierry Delaporte is the Chief Executive Officer and Managing Director of Wipro Limited. Wipro will also be offering him a one-time cash award of $3 million dollars or Rs 22.8 crore payable over two equal tranches (the first tranche of $1.5mn is payable on July 31, 2020, and the second tranche of $1.5mn is payable on July 31, 2021).The company will also grant 1.2 MN ADS (American Depositary Share) restricted stock units comprising 300,000 ADS Restricted Units (RSUs) and 900,000 ADS Performance Stock Units (PSUs).