Wipro Limited Appoints Dr. Patrick J. Ennis to its Board
March 15 2016 - 8:30AM
Business Wire
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO), a leading
global information technology, consulting and business process
services company, today announced the appointment of Dr. Patrick J.
Ennis, a widely respected technologist and venture capitalist, to
its Board of Directors, effective April 1.
Ennis will serve as an independent member on the Board and will
bring a wealth of experience to Wipro, having spent over
twenty-five years as an educator, inventor, scientist, and venture
capitalist.
He is currently the Global Head of Technology at Intellectual
Ventures, a privately-held invention capital company, where he
invests in innovation and technology commercialization worldwide.
Ennis is part of the senior team that built and runs an
international open innovation network consisting of an invention
community of more than 10,000 members.
Welcoming Ennis to the Board, Azim Premji, Chairman, Wipro
Limited, said, ‘’He brings in a unique combination of
scientific curiosity, an in-depth understanding of the startup
eco-system and business insights. I am confident Wipro will
immensely benefit from his wide experience.”
Commenting on his appointment, Ennis said, “I am delighted and
honored to be invited to join the Board of Wipro, a company with a
rich heritage of technology and innovation. Wipro is one of the
most trusted brands in the global IT industry and I look forward to
contributing to the company’s next phase of growth.”
Previously, Ennis was Managing Director of ARCH Venture Partners
where he funded and built startups in a wide range of markets and
technologies. Earlier in his career, he worked at AT&T, Bell
Labs and Lucent Technologies. He has served on numerous corporate,
educational, and non-profit Boards.
Ennis holds a PhD, MS, and MPhil in Physics from Yale
University; an MBA from the Wharton School at the University of
Pennsylvania; and a BS in Mathematics and Physics from the College
of William and Mary.
About Wipro Ltd.Wipro Ltd. (NYSE:WIT) is a leading
information technology, consulting and business process services
company that delivers solutions to enable its clients to do
business better. Wipro delivers winning business outcomes through
its deep industry experience and a 360 degree view of "Business
through Technology.” By combining digital strategy, customer
centric design, advanced analytics and product
engineering approach, Wipro helps its clients create
successful and adaptive businesses. A company recognized globally
for its comprehensive portfolio of services, strong commitment to
sustainability and good corporate citizenship, Wipro has a
dedicated workforce of over 160,000, serving clients in 175+ cities
across 6 continents. For more information, please visit
www.wipro.com.
Forward-looking and Cautionary StatementsCertain
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160315005704/en/
WiproVipin Nair, +91-98450-14036vipin.nair1@wipro.com
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