Azim Premji to step down as Wipro Executive Chairman on July 30
Rishad A Premji to take over reins as Chairman; Abidali Z Neemuchwala has been named MD
Wipro Ltd has announced that its founder Azim H Premji will retire as Executive Chairman and Managing Director on the completion of his current term on July 30.
While Abidali Z Neemuchwala has been named as the new MD, Rishad A Premji will be reappointed as Whole-Time Director as well as designated Chairman of the company, reports said.
Premji, who has been leading the company for over 50 years, will continue to serve on the board as Non-Executive Director and Founder Chairman.
In a statement, Premji said: "It has been a long and satisfying journey for me. As I look into the future, I plan to devote more time to focus on our philanthropic activities. I have great confidence and trust in Rishad's leadership to steer Wipro in its next phase of growth as we move forward."
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