Vivek Paul quits Wipro

Vivek Paul, vice-chairman of Wipro, has decided to move on and become a partner at Texas Pacific Group, a leading private investment firm.

According to a release issued by the company to the BSE today, Lakshman Rao has been appointed the chief operating officer.

"Sudip Banerjee, president, will lead the enterprise business, and Girish Paranjpe, president, will lead the banking and financial services business. Suresh Vaswani, president, will continue to lead the India and Asia Pacific IT business. T K Kurien will continue to lead the company's BPO business," the release added.

Azim Premji, chairman of Wipro, said: "Vivek's contribution to the success of our global IT business has been significant reflected in Wipro's lead position today in many areas - R&D services, IT outsourcing and BPO. We wish Vivek the very best for his future. Vivek has groomed a set of global leaders who can take over from him and continue to build on this foundation."