IT Industry icon Azim Premji will retire as Executive Chairman of Wipro with effect from 30th July this year. He led the company for 53 years. The company said in a statement that he will continue to serve on the board as Non-Executive Director and founder Chairman.
His son Rishad Premji, Chief Strategy Officer and a board member, will take over as the Executive Chairman of the company. The board announced that Chief Executive and Executive Director Abidali Z Neemuchwala will be re-designated as CEO and Managing Director of Wipro.