Wipro appoints Deepak M Satwalekar to its Board of Directors

Deepak M ​​Satwalekar has been the Managing Director of HDFC Ltd and subsequently the Managing Director and CEO of HDFC Standard Life Insurance Co. Ltd. He has also been a consultant to the World Bank, the Asian Development Bank, the United States...

Agencies

Wipro (Flie Photo)

Bengaluru: IT service major Wipro Limited on Friday announced the appointment of financial services professional Deepak M Satwalekar to its Board of Directors for five years effective July 1, subject to the approval of the shareholders. He 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, the Bengaluru-headquartered company said in a statement.

Satwalekar has been the Managing Director of HDFC Ltd and subsequently the Managing Director and CEO of HDFC Standard Life Insurance Co. Ltd. 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 (UN-HABITAT), the statement said.

Rishad Premji, Chairman, Wipro Limited said: 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.


Satwalekar is a recipient of the Distinguished Alumnus Award from the Indian Institute of Technology (IIT), Bombay and currently the Chairman, Board of Governors of the Indian Institute of Management, Indore, it said.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Related Companies

More from our Partners

Loading next story
Text Size:AAA
Success
This article has been saved

*

+