Wipro offers up to Rs 10 crore annual package to new CEO(https://in.finance.yahoo.com/news/Wipro-offers-Rs-10-crore-pti-3603538264.html)

Mumbai, Mar 21 (PTI) T K Kurien, the new chief of the IT business and CEO of Wipro, will get an annual salary package of up to Rs 10 crore .

As per the terms of appointment of Kurien, salary is in the range of minimum of Rs 3 crore to a maximum of Rs 10 crore a year, Wipro said in a filing to the Bombay Stock Exchange.

This would include periodic increments, variable pay (based on performance criteria), leave travel allowance, house rent allowance, company provided car and driver, furniture and equipment and provident fund among others.

Kurien''s is one of the highest salary packages in the IT industry.

Wikipedia profile of TK(https://en.wikipedia.org/wiki/T_K_Kurien)

TK is a Chartered Accountant by qualification. He spends his spare time reading books on history and strategy.

Career

With over 27 years of global diversified experience, which includes the 10-years he has been with Wipro, TK has been instrumental in building and scaling many of Wipro's businesses successfully. He has a track record for customer centricity, passion for excellence and rigor in execution. He has proven to be a transformational leader and has been instrumental in turning around the various businesses that he has spearheaded within Wipro including the BPO, Media, Telecom and Consulting businesses. TK is also credited with building global leadership for some of Wipro's business units he led across the world.

Prior to taking over the role as CEO of the IT business, in Feb 2011, TK was President of Wipro's recently launched Eco Energy business. In June 2008, he took on the responsibility of heading Wipro's Consulting arm, WCS (Wipro Consulting Services), and spearheaded its growth, establishing it as a distinct offering by Wipro. From 2004 to 2008, TK headed Wipro BPO, during which time he turned the business around to achieve market leadership, best-in-class profitability and revenue growth. In February 2003, he became the Chief Executive of Wipro's Healthcare & Life Sciences, the new business segment of Wipro Ltd. formed in April 2002 to address the market opportunities in Healthcare and Life Science IT. In his early years at Wipro, TK started the Telecom Internet Service Provider business for which he managed to create a significant impact by accelerating revenue growth.

Before joining Wipro, TK served as the Managing Director of GE X Ray from October 1997 to January 2000 and prior to that was the CFO of GE Medical Systems (South Asia).

Awards

TK was awarded the Global BPO Industry Leader award by IQPC (International Quality & Productivity Center) in 2007 for the exceptional performance of Wipro BPO.