Wipro shareholders approve resolution on $4.3 mn pay package for ex-CEO

Shareholders of Wipro have approved payment of $4.3 million cash severance package for Thierry Delaporte, its former CEO and Managing Director, with 89.7 per cent voting in favour of the resolution.

The Bengaluru-headquartered Indian IT major had announced the resignation of Delaporte in April this year, and had named Srinivas Pallia as the new Chief Executive Officer.

During the voting exercise on the resolution pertaining to payment of $4.33 million in cash compensation and applicable social security contributions for Delaporte, 89.7 per cent voted in favour with 10.31 voting in dissent, according to a BSE filing.