Wipro Founder Azim Premji to Retire Next Month

His son Rishad Premji, chief strategy officer and a board member, will take over as the executive chairman of the company.

PTI

His son Rishad Premji, chief strategy officer and a board member, will take over as the executive chairman of the company.

wipro founder azim premji to retire next month

Azim Premji. Photo: Reuters

New Delhi: IT czar Azim Premji will retire as executive chairman of Wipro with effect from July 30, but will continue to serve on the board as a non-executive director and founder chairman, the company said in a statement.

"Azim Premji, one of the pioneers of the Indian technology industry and founder of Wipro Limited, will retire as executive chairman upon the completion of his current term on July 30 2019, after having led the company for 53 years. However, he will continue to serve on the board as a non-executive director and founder chairman," Wipro said in a statement announcing the top deck changes.

His son Rishad Premji, chief strategy officer and a board member, will take over as the executive chairman of the company.

The board has also announced that chief executive and executive director Abidali Z Neemuchwala will be re-designated as CEO and managing director.

"These changes will be effective July 31 2019, subject to shareholder approval," the company added.

This article went live on June sixth, two thousand nineteen, at thirty-six minutes past five in the evening.

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