Wipro’s new CEO to draw up to ₹38-crore annual pay package

New Delhi: Wipro’s incoming CEO Thierry Delaporte will receive an annual pay package of up to 4.45 million euros (about ₹37.9 crore) as well as stock compensation and other benefits, according to regulatory documents.

In a notice for its 74th annual general meeting (AGM), Wipro said it will seek shareholders’ nod for appointment of Delaporte as the CEO and managing director. The AGM will be held on July 13 through video-conferencing.

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.

His remuneration will include basic pay in the range of 1.07-1.4 million euros per annum and a target variable pay in the range of 1.7-2.5 million euros per annum, the notice said.