Wipro CFO Jatin Pravinchandra Dalal steps down, Aparna Iyer takes over

Indian IT services firm Wipro announced on Thursday that Jatin Pravinchandra Dalal has resigned as chief financial officer (CFO) of the company. He will be replaced by Aparna C Iyer, who will report to chief executive officer and managing director of Wipro Thierry Delaporte and will join the Wipro Executive Board, the company said in a regulatory filing on Thursday. Dalal, is stepping down as CFO to explore other career opportunities, the statement said. 

The company said in the regulatory filing, “The Board of Directors has noted the resignation of Mr. Jatin Pravinchandra Dalal, and he will be relieved from the services of the company with effect from November 30, 2023.” 

At their meeting held on Thursday, the Board of Directors approved the appointment of Iyer as the Chief Financial Officer with effect from September 22, the statement added. 

Iyer, a chartered accountant (CA) and a gold medallist of the CA 2002 batch, 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. She has deep expertise in financial risk management, capital allocation, fund raising, driving business strategy and growth.

“Aparna is an accomplished and results-driven leader…she has been a dynamic, forward-thinking strategic partner to our business leaders,” said Delaporte on Iyer's appointment, adding that 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”. 

“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,” Iyer said in a statement. 

Dalal, who joined Wipro in 2002 and has worked in diverse roles in Finance, became the president and CFO in 2015. Prior to this role, he served as CFO of Wipro’s Global IT Business. Dalal is also a qualified CA, cost and management account (CMA), India, and chartered global management accountant (CGMA), UK and a chartered financial analyst (CFA). While Dalal expressed his gratitude to Wipro for the numerous opportunities he had been given during his tenure, Delaporte too thanked him for his “contributions to Wipro over his tenure” and wished him “the best in his future endeavors.” 

Shares of the company ended 0.28% lower at ₹428.60 on the Bombay Stock Exchange (BSE) on Thursday.