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Happy Thursday! Wipro CEO Srinivas Pallia is betting on internal talent to propel Wipro’s growth trajectory. This and more in today’s ETtech Morning Dispatch. Also in the letter: ■ Oyo withdraws IPO ■ Finvolve closes maiden funds ■ Tower Semicon asked to rework proposal Wipro CEO banks on internal talent, promotes veterans Wipro CEO Srinivas Pallia Wipro’s new CEO Srinivas Pallia has promoted at least five insiders including three veterans in the last two months, instilling confidence in the depth of its existing senior leadership.

This is in contrast to former CEO Theirry Delaporte’s multiple hires from outside the company. Promotions: Wipro appointed Malay Joshi , a company veteran for 28 years, as CEO of Americas 1, the firm’s largest market Earlier this month, Hari Shetty, who has been with Wipro for 31 years, was appointed as chief strategist and sales excellence officer of the company. Last week, Shreyas Bhosale was made Wipro engagement leader for private wireless joint GTM with Nokia Additional charge of Nordic region was given to Sarat Chand, Wipro-Benelux’s managing director Why now: Wipro has been dealing with an exodus of senior leaders.



Former CEO Thierry Delaporte hired a lot of foreign citizens and expats at high salaries. Employees and observers said on condition of anonymity that under the former CEO, Paris was the nerve centre of the organisation, thereby causing a disconnect with top management. Also read | Wipro CEO Thierry Delaporte quit.

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