Azim Premji to retire as executive chairman of Wipro

06 June,2019 05:28 PM IST |   |  PTI

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

Azim Premji


New Delhi: Industrialist 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.

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

"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 non-executive director and founder chairman," Wipro said in a statement announcing the top deck changes.

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.

Top stories of the day

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get the latest updates

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!
national news
Related Stories