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Wipro founder Azim Premji to retire on July 30, son Rishad to take over as executive chairman
Bengaluru: IT services major Wipro said on Thursday founder Azim H Premji would retire as executive chairman and managing director (MD) by the end of July and named chief executive officer Abidali Z Neemuchwala as its new MD. Premji’s son Rishad, chief strategy officer and a member of the board, will take over as the new executive chairman.
Azim Premji will stay on as nop-executive director, the Bengaluru-based company said in a notification to exchanges. The Wipro founder will retire as executive chairman upon the completion of his current term on July 30 after having led the company for 53 years.
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