Wipro’s New CEO Thierry Delaporte will be the highest- paid CEO of Wipro. He will step in as the CEO and MD of the company from July 6. His take home salary would be close to 50 crores along with stock option benefits. He has been appointed as the company’s CEO till July 5, 2025, for a five-year term.
His remuneration will include many components that are given to CEOs by companies. His basic pay would be within the range of Rs 9.12-11.9 crore (1.07mn-1.4mn Euros per annum), with a target variable pay of Rs 14.4-21.3 crore (1.7-2.5 Euros per annum). He will also be eligible for an expatriate allowance in the range of Rs 3.6-4.7 crore (428,000-550,000 Euros). The Expatriate allowance will be applicable for the assignments he’d be undertaking outside France & India and will be based on the actual days of travel.
“The company will also grant 1.2 MN ADS (American Depositary Share) restricted stock units comprising 300,000 ADS Restricted Units (RSUs) and 900,000 ADS Performance Stock Units (PSUs). While the 300,000 units will vest in three instalments over 3 years, the PSUs will vest in full on July 1, 2022, subject to performance. At the end of the day on Friday, Wipro's common stock was trading at $3.3 apiece,” Business Today reported.
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