Lipika is currently in the role of the Vice President - Rewards & Performance Innovation & Thought Leadership. In this role, she leads the Innovation & Thought Leadership COE of the Total Rewards & Performance function, being responsible for the overall Rewards Strategy for Schneider Electric globally, managing the Total Rewards offerings, along with contributing to the DEI & Wellbeing areas as well. Her focus areas would be strategizing total rewards and performance, monitoring industry trends, strategizing & developing Rewards solutions, planning for multiple initiatives in line with the organizational focus, people priorities and broadly bringing the vision to life.

Prior to this role, she was the Director-Rewards for “Global Supply Chain” and was part of the Rewards Global Leadership team wherein, she provided rewards expertise to the leadership team of GSC. She engaged with teams across countries to align on GSC Rewards strategy, philosophy, performance culture and organizational policies. Earlier, she led the Rewards function for India and Pacific and along with that, an extremely important global strategic objective of “Wellbeing” for Schneider Electric India, wherein she immensely contributed to the theme and undertook a lot of new initiatives under the Wellbeing banner.

Prior to Schneider Electric, Lipika was working as Vice President-Compensation & Benefits for GE Capital. In her role, she was responsible for driving the Compensation philosophy across GE Capital through various initiatives along with other interventions like evaluating and designing variable pay practices for all businesses of GE India.

Prior to joining GE, she was Head-Compensation & Benefits for Nokia India. She has led various talent management initiatives for Nokia globally, apart from getting involved in various M&A activities.  She was instrumental in setting up the global shared service Centre for Nokia in India. Prior to that, she worked as an HR Leader supporting Nokia’s top leadership team and managing the HR Business Partnering role.  

During her career, Lipika has received multiple awards at national and international level in areas of Rewards, HR Business Partnering and Wellbeing. She has been conferred with the Global Compensation & Benefits Leader Award in 2017. She has been conferred the “Top 23 of 2023” Trailblazing Women in India.

Lipika has also been conferred the “Transforming Leadership” degree from INSEAD, Paris.

Prior to Nokia, she was associated with ESPN Star Sports, Nortel Networks and Hughes as HR Business Partner.

Lipika holds a Bachelor’s degree in Physics & Masters in Human Resources and is currently based in New Delhi, India.