The new joint chief executive officers of Wipro, an IT services company, see advantages in sharing the job – but it requires high levels of communication. From Financial Times:
The first time Suresh Vaswani and Girish Paranjpe met as young ambitious executives at Wipro in the early 1990s, they had no idea that one day the two of them would be running the company.
India’s third largest outsourcing company was then firmly in the hands of controlling shareholder Azim Premji, one of the founding figures of India’s multibillion-dollar computer services outsourcing business.
So they were surprised when, in April, Mr Premji announced his retirement as chief executive and appointed them joint chief executives of Wipro. In sharing the post, the duo were being asked to embark on a management first for India. Mr Premji would, however, continue as chairman.
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