On July 30, Wipro’s founder Azim Premji will retire as executive chairman and managing director of the company and Abidali Z Neemuchwala will be appointed as the Managing Director of the company from July 31. Also, Azim Premji’s son, Rishad A Premji will be reappointed as the Director and Executive Chairman of the company. The company stated the news that Azim will retire after having led the company for nearly 53 years.
However, for a period of five years, ie.e, from July 31 to July 30 2024, Azim Premji will serve as the Non-Executive Chairman of Wipro. On the other hand, Abidali Z Neemuchwala will serve as the Managing Director from July 31 along with his existing post as CEO till the end of his current term.
Ever since 2015, Azim’s son Rishad Premji has been a member of the Board, member of the Strategy Committee and Administrative and Shareholders/Investors Grievance Committee of Wipro. He also served as the Chairman of the National Association of Software and Services Companies (NASSCOM) for the financial year 2018-19.
Earlier, even before joining Wipro, Rishad Premji had worked with Bain & Company in London, as well as GE Capital in the US. He was later recognized as a Young Global Leader by the World Economic Forum. Talking about Neemuchwala, he has spent nearly 23 years in Tata Consultancy Services. He was recently appointed on the Board of Texas Economic Development Corporation and is also a member of its CEO Council.
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