Wipro’s new CEO and MD, Srinivas Pallia, will receive a maximum compensation of $7 million per annum for the first two years, including a cash compensation that may range from a minimum of $1.75 million and a maximum of $3 million per annum.The IT major in a filing with BSE also said that the former CEO, Thierry Delaporte will be paid $4.33 million in the form of cash compensation and applicable social security contributions, subject to appropriate deductions. Meanwhile another exchange filing...
New Wipro chief executive, Srinivas Pallia who has just completed two weeks at his office, revealed his strategy to revive growth at the fourth-largest IT service major. After taking over the charge, he spoke to media for the first time during the announcement of Q4 earnings.Pallia, who has been with Wipro for over three decades, said, during the Q4 earnings that the building blocks are firmly in place, and he is committed to build on this. “While I remain optimistic about the long term, it is...
Olusegun Alebiosu has been appointed as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group), effective April 2024.
SUV was VW’s most popular vehicle globally last time around, and this one takes some important steps forward
Paramount Global has made its interim plan of action official, with CEO Bob Bakish leaving immediately and a trio of executives taking temporary control as the company’s board navigates an M&A process that has reached a critical point.
The details matter on the potential deal with the cable company, as the new pact could affect the value of Paramount and therefore its takeover price target.
Paramount Global CEO Bob Bakish is departing and a trio of top division heads, Brian Robbins, George Cheeks and Chris McCarthy, are stepping up..
When Lyft CEO David Risher took the helm of the rideshare company from cofounders Logan Green and John Zimmer a year ago, his mandate was clear: create a sustainable business by getting the perennial second-place rideshare company to stop bleeding money. The former Microsoft and Amazon executive laid off more than a quarter of the company’s workforce last April and exited ancillary business lines, such as car rentals. That’s helped Lyft lower the prices of its rides, so they’re in line with...
Jeff Howard, the newly installed chief executive of Australia’s Seven West Media, has set out the “cultural terms of engagement” under his leadership, following a series of scandals that saw his predecessor, James Warburton, leave the role early.
The U.S. Department of Homeland Security (DHS) announced the creation of a new advisory board on Friday, April 26th, 2024. The board will focus on the role of artificial intelligence (AI) in critical infrastructure. The 22-member board includes CEOs from major technology companies like Microsoft, Google’s parent company Alphabet, and Nvidia. It also includes representatives from critical infrastructure sectors […]
What the latest news in AI means for you. How fast is AI evolving? It’s now reached parity with humans on a variety of tasks, including image identification, basic reading, visual reasoning and English-language understanding, according to an AI Index published by the Stanford University Human-Centered Artificial Intelligence program. That’s impressive progress in just a […]
Casey Mittelstadt is tilting the ice and creating scoring chances for the Colorado Avalanche, looking very much like the No. 2 center this club desperately needed.