TK Kurien is the new Wipro CEO!

Bangalore, Jan 21: The morning of Jan 21 saw two major leadership shifts among two IT majors. First it was the

, then comes a change more important to India. IT major Wipro announced on Friday, Jan 21 the appointment of its new chief executive officer (CEO) TK Kurien.

Kurien is currently serving as the chief executive of Wipro's eco-energy division, a new initiative launched early this fiscal. The Chairman of Wipro, Azim Premji made a statement in this regard and said, "The joint chief executive structure was one of the key factors that successfully helped us navigate the worst economic crisis of our times."

The present two joint chief executives Girish Paranjpe and Suresh Vaswani will step down by Feb 1 and were both considered a key part in the leadership hierarchy at Wipro. They have been part of Wipro since the last two decades.

"There is a change in environment, there is a need for a simpler organisation structure. Kurien's track record with customers, passion for excellence, coupled with strategic thinking and rigor in execution make him uniquely positioned to lead Wipro through the next phase of growth," Premji added.

The announcement was made when Wipro is savouring its productive Q4 results. They have reported a 9.60 percent increase in consolidated net profit at Rs. 1,318.8 crore for the third quarter ended December 31, 2010.

OneIndia News