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Wipro’s IT business with new CEO
 
 Wipro has announced the
appointment of T K
Kurien as CEO of the
information technology
business and executive
director of the company.
  
   Girish Paranjpe and
Suresh Vaswani, the
current joint CEOs of
the IT business decided
to step down from their
responsibilities at the
end of January 2011.
  
   Commenting on the
appointment of Kurien,
Azim Premji, Wipro’s
 
 chairman, said: “The
joint CEO structure was
one of the key factors
that helped us
successfully navigate
the worst economic
crisis of our times.
With the change in
environment, there is a
need for a simpler
organisation structure.
Over the last 10 years,
Kurien has been
instrumental in building
and scaling many of our
businesses successfully.
His track record with
customers, passion for
 
  
   
 
 
 
 
 
 
 
 
    Paranjpe, Vaswani and
Kurien will work
together through the
quarter ending 31 March
2011 to ensure a smooth
transition.
  
   For its third fiscal
quarter ended 31
December 2010, Wipro
said its IT services
business segment
recorded revenue of Rs.
59.49bn ($1,328m),
representing an increase
of 15% over the same
period last year. EBIT
for this segment was Rs.
 
 13.21bn ($295m),
representing an increase
of 8% over the same
period last year.
  
   Rival Tata
Consultancy Services
posted a 30% rise in
quarterly profit and
Infosys reported a 14%
increase.
  
   Wipro is forecasting
its IT services revenue
to be $1.38bn to $1.41bn
for the fiscal fourth
quarter, up 3%-5% from
the quarter ended in
 
 excellence coupled with
strategic thinking and
rigour in execution
makes him uniquely
positioned to lead
Wipro’s IT business
through the next phase
of growth.”
  
 
 
Alexander Proudfoot names new head for global Procurement practice
 
 The Alexander Proudfoot
Company, one of the
world’s foremost
operational improvement
consultancies, announced
the appointment of John
Sharman, a recognised
leader in procurement,
to head its global
Procurement practice.
  
   Mike Melling,
Alexander Proudfoot
President, UK, said:
“Alexander Proudfoot is
the world’s most
experienced operational
consulting company, and
I am pleased that John
is joining us in our
efforts to improve and
expand our client
offerings.
  
   “John is a leading
supply chain expert with
over 25 years of
 
 in-depth and wide
ranging experience. He
is a proven leader, with
first hand experience of
transforming businesses,
and I am sure that his
appointment will further
strengthen our ability
to deliver significant
improvements in our
clients’ organizations,
as we are proud to have
done for over 65
years.”
  
   Alexander Proudfoot
explains that with
businesses sourcing
materials and products
from all over the world,
efficient procurement
plays a more important
part than ever in
determining a firm’s
success.
  
   In addition to
 
  
   
 
 
 
    As head of the global
Procurement practice,
Sharman’s
responsibilities will
include identifying,
developing and
implementing the tools
and systems that will
enable Alexander
Proudfoot’s clients to
drastically improve
their procurement
functions and maximize
their overall returns.
  
   “I am very excited to
be working with an
organization with such a
distinguished track
record of delivering
value and results to
clients,” Sharman said
upon joining the firm.
  
   “There is already a
very solid foundation to
build upon that will
 
 enable Alexander
Proudfoot to become
quickly the 'go to'
consulting firm for
effective procurement
transformations.”
  
   Sharman joins
Alexander Proudfoot from
five years as a senior
level consultant on
operational issues,
gaining experience over
a range of industry
sectors.
  
   Prior to that, he
spent thirty years at
IBM, where he became
Global Procurement
Practice Executive, and
provided leadership as
the company diversified
and grew from a computer
company into the world’s
largest IT and
consulting services
 
 meeting longer term
procurement targets,
corporates now also need
to deal with the
immediate threat of
inflation in many parts
of their supply chain.
  
   The rising cost of
raw materials across
many sectors, coupled
with the increase in the
price of fuel, has only
served to intensify the
pressures on margins. In
many countries,
businesses are also
facing the unfamiliar
challenges of expanding
production after such a
lengthy economic
downturn.
  
 
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