Wipro Limited announces changes to its Board of Directors

Wipro-logoNew Delhi, India, June 28, 2014: Wipro, a leading global Information Technology, Consulting and Outsourcing company has announced that two of its independent directors Mr. B.C. Prabhakar and Mr. Shyam Saran have conveyed their intention not to seek re-election in order to pursue other personal and professional interests. Dr Henning Kagermann, an independent director on the Board of Wipro Limited since 2009, has expressed his intent to resign in keeping with the regulatory requirements in Germany.

Mr. B C Prabhakar and Mr. Shyam Saran, who joined the Wipro Board in 1997 and 2010 respectively, will cease to be directors on July 23, 2014 while Dr. Henning Kagermann’s resignation will take effect on June 30, 2014.

Chairman of Wipro Azim Premji said, “I wish to thank Mr. B C Prabhakar, Mr. Shyam Saran and Dr Henning Kagermann for their invaluable contribution to Wipro over the years. The company has immensely benefited from their deep insights and vast experience. I wish them all success in their future endeavours.”

“Mr. B C Prabhakar, Mr. Shyam Saran and Dr Henning Kagermann have played a pivotal role in shaping strategy, enhancing shareholder value and upholding the highest standards of corporate governance. The Board will miss their sagacity and expertise. I wish them all the best for the future,” said Dr. S. Ashok Ganguly, independent director and Chairman of the Board Governance, Nomination and Compensation Committee, Wipro Ltd.

The Companies Act 2013 requires all existing independent directors to be re-appointed as independent directors at the company’s Annual General Meeting. Wipro’s other existing independent directors who will be re-appointed as independent directors at its Annual General Meeting on July 23, 2014 are Ms. Ireena Vittal, Mr. Vyomesh Joshi, Mr. M K Sharma, Mr. Bill Owens, Mr. N Vaghul, Dr Ashok Ganguly and Dr Jagdish Sheth.

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