Indian IT giant Wipro on Friday (31 January) said that its CEO and Managing Director Abidali Z Neemuchwala has decided to step down from the company, reports India Today.
Neemuchwala will continue to hold the office of the CEO and Managing Director until a successor is appointed to ensure that the business continues as usual.
"Chief Executive Officer and Managing Director Abidali Z Neemuchwala has decided to step down due to family commitments," the BSE filing said.
The Board of Directors has also initiated a search to identify the next Chief Executive Officer, it added.
"We thank Neemuchwala for his leadership and his contributions to the Wipro. Over the last four years, he helped build a strong execution mindset, drove key acquisitions and scaled our Digital business globally," Wipro Chairman Rishad Premji said.
Neemuchwala said "lt has been my honour and privilege to serve Wipro, a company with a rich legacy of almost 75 years...I thank Azim Premji, Rishad, our Board of Directors, my Wipro colleagues and customers for their support over the years."
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