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Deepak M Satwalekar appointed as Independent director to Wipro’s Board

IT major Wipro on Friday announced the appointment of senior financial services professional Deepak M Satwalekar to its Board of Directors for five years effective July 1 ,2020, subject to the approval of the shareholders.

In a statement filed with the exchanges, the Bengaluru-headquartered company said, “Deepak will serve as an Independent Director on the Board and will bring a wealth of experience to Wipro having spent over four decades in the financial services industry and as an advisor and Board member of companies from diverse industries.”

Satwalekar has been the Managing Director of HDFC Limited and subsequently the MD and CEO of HDFC Standard Life Insurance. He has also been a consultant to the World Bank, the Asian Development Bank, the United States Agency for International Development (USAID) and the United Nations Human Settlements Programme (UNHABTTAT).

“With his deep repository of knowledge spanning across the financial services sector, sharp business acumen, understanding of technology and as a strong votary of the highest standards of corporate governance, his invaluable experience will immensely benefit Wipro,” Rishad Premji, Chairman, Wipro Limited was quoted in the statement. 

Commenting on his appointment, Deepak Satwalekar said, “I am delighted and honored to be invited to join the Board of Wipro, an organization which is globally respected both for its technology leadership and its steadfast commitment to values. I look forward to contributing to the company’s growth charter.”

Satwalekar is a recipient of the Distinguished Alumnus Award from the Indian Institute of Technology (llT), Bombay and is currently the Chairman, Board of Governors of the Indian Institute of Management (IIM-Indore).

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