Wipro CEO And MD Abidali Z Neemuchwala To Step Down Due To Family Commitment     Wipro headquarters in Bengaluru (Hemant Mishra/Mint via Getty Images)

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."

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement