logo
Plus   Neg
Share
Email

Azim Premji To Retire As Wipro Executive Chairman; Son Rishad To Take Over

Wipro Limited (WIT), an information technology, consulting and business process services company, said that its founder Azim Premji will retire as Executive Chairman upon the completion of his current term on July 30, 2019 after having led the company for five decades. However, he will continue to serve on the Board as Non-Executive Director and Founder Chairman.

Azim Premji's son Rishad Premji, Chief Strategy Officer and Member of the Board, will take over as the Executive Chairman of the company.

The company also said that Chief Executive Officer and Executive Director Abidali Neemuchwala will be re-designated as Chief Executive Officer and Managing Director.

The changes will be effective July 31, 2019, subject to shareholder approval.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
British luxury car giant Aston Martin unveiled its first SUV at an event in Los Angeles and at a simultaneous event in Beijing. The DBX SUV comes with an aluminium body with a typical Aston Martin grille flanked by LED headlights with LED DRLs. "I can't emphasize enough how incredibly exciting... Google has rolled out an audio news service for Google Assistant, called 'Your News Update,' which will read out a user's customized news feed. According to the tech giant, 'Your News Update' is a smarter way to listen to the news hosted by the Google Assistant. The customized news feed will deliver stories from a variety of media partners, including CBS, Politico, Fox News and CNN. The U.S. Securities and Exchange Commission said it has filed an emergency action and received a temporary restraining order and asset freeze against two Florida residents as well as the two companies controlled by them for an alleged $6 million Ponzi scheme. The Ponzi scheme by Neil Burkholz of Boca Raton, Florida, and Frank Bianco of Pembroke Pines, Florida, defrauded at least 55 investors.
RELATED NEWS
Follow RTT
>