Bengaluru, June 6 (PTI): IT czar Azim Premji will retire as executive chairman of Wipro Limited, a company that he founded and helmed for 53 years, with his son Rishad set to take over his position, the city-based firm said Thursday.
Azim Premji would retire as executive chairman upon the completion of his current term on July 30, 2019 but he would continue to serve on the board as non-executive director and founder chairman, the company said.
The company said Rishad Premji, chief strategy officer and a board member, will take over as the executive chairman following his father’s retirement.
In top level changes, the board also announced that chief executive officer and executive director Abidali Z Neemuchwala will be re-designated as chief executive officer and managing director.These changes will be effective July 31, 2019, subject to shareholder approval.
“I wish to thank generations of Wiproites and their families for their contribution towards building our company to what it is today.
I am grateful to our clients, partners, and other stakeholders who have reposed trust and confidence in us,” Azim Premji said.
“It has been a long and satisfying journey for me.
