In a significant development, Mr. NS Kannan, a distinguished name in the financial services sector, is all set to take on a new role as an independent director on the Board of IT major Wipro. With a rich and diverse career spanning over three decades in the financial services domain, including banking and insurance, Mr. Kannan’s appointment comes as a strategic move by Wipro to enhance its leadership team.
Mr. NS Kannan’s professional journey has been marked by his exceptional leadership in key positions across the industry. Notably, he formerly steered ICICI Prudential Life Insurance Co. Ltd as its Managing Director and Chief Executive Officer. During his tenure, the company experienced remarkable growth, evident from its substantial market capitalization of Rs 80,012 crore as of August 14, 2023.
Effective from October 1, 2023, Mr. Kannan will assume the responsibilities of an independent director on Wipro’s Board for a term of five years, subject to the approval of shareholders. His wealth of experience, garnered through various leadership roles within the ICICI group, will undoubtedly add a valuable perspective to Wipro’s strategic direction.
Mr. Kannan’s academic background is as impressive as his professional achievements. He holds a Bachelor’s degree in Mechanical Engineering from NIT, Trichy, and has earned the prestigious Chartered Financial Analyst credential from the ICFAI. Additionally, he pursued his Postgraduate Diploma in Management from the esteemed IIM, Bangalore.
Reflecting on his new role, Mr. NS Kannan expressed his enthusiasm, stating, “I am excited and honored to join the Board of Wipro, an iconic values and purpose-driven company that is a key technology partner to some of the most respected clients globally. I look forward to contributing to its next phase of growth and impact.”
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Beyond his corporate leadership, Mr. Kannan has actively participated in various committees established by the Government of India and regulatory bodies. Notably, he played a pivotal advisory role in resolving DHFL as the First Financial Service provider under the Indian Bankruptcy Code. Moreover, his involvement as a member of the RBI Steering Committee on the implementation of Indian Accounting Standards underscores his commitment to industry governance.
With Mr. NS Kannan’s appointment, Wipro is poised to harness his extensive industry insights and leadership acumen to further consolidate its position as a leading technology player in the global market. As the financial maestro joins the Board, the industry anticipates witnessing Wipro’s growth trajectory underpinned by his seasoned guidance.
