Appoints Carl-Henrik Hallstrom as Regional Head
Stockholm, Sweden and Bangalore, India - September 3, 2013:
Wipro Ltd. (NYSE:WIT), a leading information technology, consulting and outsourcing company today announced plans to strengthen its presence in the Nordic region with an increase in headcount by 500 over the next 3 years and the appointment of Carl-Henrik Hallstrom as Regional Head for the region, effective July 1, 2013.
An industry veteran, Carl-Henrik in his previous role was associated with KPMG, Sweden, where he held the position of Head of Sourcing Advisory, Nordics. KPMG had globally acquired EquaTerra in 2011, where Carl was the Managing Director of EquaTerra's Nordic operations since 2005. He has nearly 20 years of experience in the IT and BPO outsourcing industry. As part of his rich experience, he has developed sourcing strategies and expertise in managing change programs for global companies in the Nordic region. Prior to KPMG, he held management positions in the Swedish IT industry in companies including Fujitsu Services, Daltek (public) and Tandberg.
Carl-Henrik will be based in Stockholm, Sweden and report to Rajat Mathur, Chief Sales and Operations Officer, Growth Markets, Wipro. Wipro has identified Asia Pacific, Nordics, Germany, France, South Africa, Latam Countries as growth markets.
Commenting on his appointment, Rajat Mathur said, “Nordics is poised to become one of the more important growth markets for Wipro and we are committed to investing in the region. We are very pleased to have Carl-Henrik on board to lead Wipro’s operations in the Nordics, and I am confident that he will be able to build on the growth momentum in the region. We wish him the very best in his new role.”
While committed to serving customers across industry verticals through its extensive consulting and technology services portfolio, Wipro’s focus will be on key verticals such as Telecom, Manufacturing, and Energy & Utilities that have a strong presence in the region. Wipro plans to adopt a differentiated client engagement model through the adoption of a customer centric go-to-market strategy and an advanced technologies’ focus to deliver customer value maximisation and execution excellence.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 57 countries. For more information, please visit www.wipro.com.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.