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...
Iveco Group Chief Executive Gerrit Marx is leaving the Italian bus and truck maker to take the position of CEO of farm and construction machinery group CNH Industrial from July 1, the companies said on Sunday. Marx will replace Scott Wine who is leaving to pursue other interests, according to the company. Olof Persson will succeed Marx as Iveco chief, the company said. Iveco said last month it plans to focus on new and deeper partnerships for future growth, unveiling a five-year business plan...
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...
Paramount Global has announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company
Staff at Rebel Sport and Supercheap Auto owner Super Retail Group intend to sue the company over an alleged secret affair between its CEO and former head of HR. Two current employees, represented by Harmers Workplace Lawyers, are expected to allege chief executive Anthony Heraghty had an undisclosed relationship with the company’s former chief human […]
Former JetBlue Airways CEO Robin Hayes has been named as the new head of Airbus' operations in North America, the European planemaker said Monday.
America's Confused Commander-In-Chief Warns Israel Against Attacking Israel While Democratic strategists have long tried to downplay and dismiss President Biden's obvious age and cognitive issues—which have been on continual display of late—he has just made fresh comments which illustrate the dangers of these persistent issues for the Commander-in-Chief and for the nation at a moment the Middle East stands on the brink of major war. The 81-year-old president said in an interview...
Outgoing Wipro CEO Thierry Delaporte is set to get a separation payment of Rs 92.1 crore (or about $11 million) after his ahead-of-schedule exit from India's fourth-biggest outsourcing company, joining a swelling list of top executives in the country's most globalized industry to have inked iron-clad job contracts that guarantee hefty severance packages. Pursuant to the terms of the employment arrangement with Mr. Delaporte, if his employment is terminated by the company without a cause, the...
Former JetBlue CEO Robin Hayes will join Airbus as the company’s North American leader. Hayes, JetBlue’s CEO for nine years, stepped down from the post on February 12. Hayes will take over the role of chairman and chief executive officer of Airbus Americas from Jeff Knittel, who announced his retirement on Monday. Hayes’ appointment comes at an important time for Airbus, as the European plane manufacturer seeks to win business from its American competitor Boeing after a series of missteps by its...
Call it a comeback, perhaps. Former JetBlue CEO Robin Hayes, who retired from the airline in February, will take over as chairman and CEO of Airbus Americas, the European plane-maker’s American region operation. Hayes’ appointment comes as Airbus Americas’ current chairman and CEO, C. Jeffrey Knittel, announces his retirement. The moves take effect June 3, …
Robin Hayes will run Airbus' North America business. Hayes left JetBlue in
The creative leadership carousel continues to turn. David Lubars recently announced his retirement after four decades at BBDO. Chris Beresford-Hill, who had been at Ogilvy as president of advertising for North America, left there to replace Lubars at BBDO. Now, Dentsu Creative chief creative officer of U.S. and LATAM, Rafael Rizuto, has departed Dentsu to take the chief creative officer for North America at Ogilvy. At Ogilvy, Rizuto will be responsible for the agency’s creative product across...