Azim Premji to retire as executive chairman of Wipro; son Rishad to take over
New Delhi, June 6: IT czar Azim Premji will retire as executive chairman of Wipro with effect from July 30, but will continue to serve on the board as non-executive director and founder chairman, the company said in a statement.
His son Rishad Premji, chief strategy officer and a board member, will take over as the executive chairman of the company.
"Azim Premji, one of the pioneers of the Indian technology industry and founder of Wipro Limited, will retire as executive chairman upon the completion of his current term on July 30, 2019, after having led the company for 53 years. However, he will continue to serve on the board as non-executive director and founder chairman," Wipro said in a statement announcing the top deck changes.
The board has also announced that chief executive and executive director Abidali Z Neemuchwala will be re-designated as CEO and managing director.
"These changes will be effective July 31, 2019, subject to shareholder approval," the company added.
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Bhadravathi: Man allegedly murdered when taking walk in Hosakoppa
Shivamogga: A 68-year-old man was allegedly murdered when he was taking a walk on the Government PU College Road in Hosakoppa village, Hole Honnur, in Bhadravathi taluk on Friday.
The deceased man, identified as Hemanna, is reported to have been attacked earlier too, but is learned to have had a narrow escape.
Hole Honnur Police, being informed of the incident, visited the spot and are learned to have conducted an inspection.
