Wipro share price falls 2.5% on CFO exit

BENGALURU: Wipro’s share price slid 2.5% on the BSE following the surprise exit of its CFO Jatin Dalal on Thursday.

Dalal’s departure after a two-decade innings with the company raises concerns about the depleting pool of seasoned insiders. More than a dozen leaders have exited in the past year. It’s the fourth year of CEO Thierry Delaporte’s turnaround efforts, but that remains a work-in-progress.

Former Wipro CFO Suresh Senapaty said, “It’s sad and distressing to lose such a huge leadership talent like Jatin. While he chose to explore opportunities outside of Wipro, I am confident of Wipro’s deep finance talent strength built over time to take up the challenge and steer through the challenging transition.”