Prior to the latest appointment, Deepak M Satwalekar was serving as the MD at HDFC, he will now take on the role as an independent director on Wipro’s board.
Wipro has announced the employment of prominent financial services expert, Deepak M Satwalekar to its Board of Directors. He will be on the Board, serving for an interim period of five years starting from July 1, but is subject to shareholders’ approvals.
Satwalekar made a joyous statement, "I am delighted and honored to be invited to join the Board of Wipro, an organization which is globally respected both for its technology leadership and its steadfast commitment to values. I look forward to contributing to the company's growth charter."
Having spent over four decades in the financial services industry and as an advisor and Board member of companies from diverse industries, Wipro is reveling the in wealth of knowledge and experience that he brings and banks on.
Inaugurating him to the Board, Rishad Premji, Chairman, Wipro Limited stated, "l am truly excited to have Deepak join our Board. 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 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 which speaks to his success and credentials.