Wipro appoints Aparna Iyer as new CFO after Jatin Dalal steps down

IT major Wipro Ltd on Thursday appointed Aparna C Iyer as Chief Financial Officer with immediate effect.

Aparna will report to CEO Thierry Delaporte and will join the Wipro Executive Board. She succeeds Jatin Dalal, who is stepping down as CFO to pursue other career opportunities, said the Bengaluru-based IT firm.

“Aparna is an accomplished and results-driven leader. Throughout her 20-year career with Wipro, she has been a dynamic, forward-thinking strategic partner to our business leaders,” said Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro Limited.

“Aparna has been integral to our finance transformation over the last few years, playing a key role in our financial strategy and planning, investment programs, and transformation initiatives. Her commitment to
creating lasting value, expertise across the full spectrum of finance operations, and her experience in working with a range of stakeholders will be instrumental in achieving our financial objectives.

“I also want to thank Jatin for his contributions to Wipro over his tenure and wish him the best in his future endeavors," Delaporte added.

While Iyer will take over as CFO on September 22, Dalal will stay on until November 30, Wipro said. Dalal became CFO in 2015.

Wipro's shares have risen a shade over 9% so far this year, underperforming a 15% rise in the broader Nifty IT index.

Aparna Iyer joined Wipro in April 2003. "Over her 20 years with Wipro, she has held several finance roles, including Internal Audit, Business Finance, Finance Planning and Analysis, Corporate Treasury and Investor Relations, and, most recently, Senior Vice President and CFO of Wipro FullStride Cloud. Aparna has deep expertise in financial risk management, capital allocation, fund raising, driving business strategy and growth," said the IT firm in a stock exchange filing.

“I am thrilled to take on the role of CFO at this important juncture for Wipro,” said Aparna. “As we continue our transformation journey, I look forward to working with Thierry, our finance team and the entire organisation to build on our successes, drive sustainable growth, and create value for our stakeholders.”

Aparna is a Chartered Accountant (CA) and was a gold medalist of the CA 2002 batch.

On Thursday, Wipro's scrip on BSE closed 0.3% lower at Rs 428.6.

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