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Bangalore, January 31, 2020
IT and consulting services major Wipro today announced that its Chief Executive Officer and Managing Director Abidali Z Neemuchwala had decided to step down due to family commitments.
"The Board of Directors has initiated a search to identify the next Chief Executive Officer. Abid will continue to hold the office of CEO & Managing Director until a successor is appointed for a smooth transition and to ensure that business continues as usual," a press release from the company said.
Wipro Chairman Rishad Premji, Chairman said, "We thank Abid for his leadership and his contributions to Wipro. Over the last four years, Abid helped build a strong execution mindset, drove key acquisitions and scaled our gigital business globally. We wish him the very best for the future."
Neemuchwala said, "lt has been my honour and privilege to serve Wipro, a company with a rich legacy of almost 75 years. We have made considerable progress in our transformation journey, improved our delivery engine and institutionalised deeper client centricity. I thank Azim Premji, Rishad, our Board of Directors, my Wipro colleagues and customers for their support over the years."
Neemuchwala, who was Wipro's Group President and Chief Operating Officer, had taken over as its CEO and MD on February 1, 2016.