Wipro May Appoint New Vertical Heads By December, Says A Report; Company Denies It

According to a media report, Wipro may appoint some vertical heads by the end of this year. The company has already made nearly a dozen changes at about 50 verticals since December 2013. It is likely to appoint new heads for product engineering services and global SAP practice, The Economic Times Reported.

"TK Kurien (Wipro’s chief executive) realises that vertical heads now have the most important role to execute our long-drawn work," said a head of a vertical at Wipro. However, a company spokesperson denied the report. "Wipro has no plans to announce any organizational restructuring and any such suggestion would be purely speculative," the spokesperson said.

Wipro's sequential quarterly revenue growth rate has not surpassed 3% since the July-September quarter of 2012. It registered a sequential growth of 1.8% in the second quarter of FY2014-15. While its rivals Infosys and TCS reported growth of 3.1% and 6.4%, respectively.

Kurien had earlier said that the real measure of his success would be touching the growth of 4%.