Wipro Limited Appoints Tulsi Naidu to Its Board
May 14 2021 - 8:22AM
Business Wire
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
global information technology, consulting and business process
services company, today announced the appointment of Ms. Tulsi
Naidu, a widely respected business leader, to its Board of
Directors for five years effective July 1, 2021, subject to the
approval of shareholders.
Tulsi Naidu will serve as an Independent Director on the Board
and bring a wealth of experience to Wipro, having spent 25 years in
the global financial services sector.
Ms. Naidu is CEO Asia Pacific of Zurich Insurance Group (Zurich)
and a member of Zurich’s Executive Committee. She joined Zurich in
September 2016 and was named the CEO of the UK business in November
2016 where she implemented an extensive transformation program –
reshaping the business, simplifying the structure, improving
technical and digital capabilities, and positioning it for growth
in its core markets.
Before joining Zurich, Ms. Naidu spent 14 years at Prudential in
various executive positions across their UK and Europe business.
Her last position with Prudential was Executive Director, UK &
Offshore. She was previously Chief Operating Officer for Prudential
UK & Europe, and prior to that held several general management
roles in the company focused on driving strategic transformational
change.
Welcoming Ms. Naidu to the Board, Rishad Premji, Chairman,
Wipro Limited said, “I am excited to have Tulsi join our Board.
Her knowledge of the global financial services sector together with
her proven experience in driving large transformational change and
understanding of technology will hugely benefit Wipro.”
Commenting on her appointment, Tulsi Naidu said, “I am
delighted and honored to join the Board of Wipro. I have deep
respect for the company, its technology leadership, and its values
led approach to business. I look forward to contributing towards
its next phase of growth.”
Ms. Naidu holds a Post Graduate Diploma in Management from the
Indian Institute of Management, Ahmedabad and a bachelor’s degree
in Mathematics, Economics and Statistics from Nizam College,
Hyderabad.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading
global information technology, consulting and business process
services company. We harness the power of cognitive computing,
hyper-automation, robotics, cloud, analytics and emerging
technologies to help our clients adapt to the digital world and
make them successful. A company recognized globally for its
comprehensive portfolio of services, strong commitment to
sustainability and good corporate citizenship, we have over 190,000
dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better
and a bold new future.
Forward-Looking Statements
The forward-looking statements contained herein represent
Wipro’s beliefs regarding future events, many of which are by their
nature, inherently uncertain and outside Wipro’s control. Such
statements include, but are not limited to, statements regarding
Wipro’s growth prospects, its future financial operating results,
and its plans, expectations and intentions. Wipro cautions readers
that the forward-looking statements contained herein are subject to
risks and uncertainties that could cause actual results to differ
materially from the results anticipated by such statements. Such
risks and uncertainties include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue and
profits, our ability to generate and manage growth, complete
proposed corporate actions, intense competition in IT services, our
ability to maintain our cost advantage, wage increases in India,
our ability to attract and retain highly skilled professionals,
time and cost overruns on fixed-price, fixed-time frame contracts,
client concentration, restrictions on immigration, our ability to
manage our international operations, reduced demand for technology
in our key focus areas, disruptions in telecommunication networks,
our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political
instability, war, legal restrictions on raising capital or
acquiring companies outside India, unauthorized use of our
intellectual property and general economic conditions affecting our
business and industry. The conditions caused by the COVID-19
pandemic could decrease technology spending, adversely affect
demand for our products, affect the rate of customer spending and
could adversely affect our customers’ ability or willingness to
purchase our offerings, delay prospective customers’ purchasing
decisions, adversely impact our ability to provide on-site
consulting services and our inability to deliver our customers or
delay the provisioning of our offerings, all of which could
adversely affect our future sales, operating results and overall
financial performance. Our operations may also be negatively
affected by a range of external factors related to the COVID-19
pandemic that are not within our control. Additional risks that
could affect our future operating results are more fully described
in our filings with the United States Securities and Exchange
Commission, including, but not limited to, Annual Reports on Form
20-F. These filings are available at www.sec.gov. We may, from time
to time, make additional written and oral forward-looking
statements, including statements contained in the company’s filings
with the Securities and Exchange Commission and our reports to
shareholders. We do not undertake to update any forward-looking
statement that may be made from time to time by us or on our
behalf.
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Vipin Nair Wipro Limited vipin.nair1@wipro.com
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