Azim Premji steps down as Wipro chairman, son Rishad to take over the reins
It’s the end of a long era at Wipro as Azim Premji , chairman of the software major, calls it a day, handing over charge to his elder son, Rishad, after leading the company for more than 50 years. The Bengaluru-headquartered company on Thursday announced Premji, 75, will step down as executive chairman on July 30. He, however, will continue to be on its board as non-executive director for five years starting from July 31, 2019. He was conferred the title founder chairman of the company. “Rishad Premji, chief strategy officer and member of the board, will take over as the executive chairman of the company (effective July 31),” Wipro said in a statement. With succession planning, the company announced conferring the additional role of managing director of Wipro to Chief Executive Officer (CEO) and Executive Director Abidali Z Neemuchwala. In addition to being executive chairman, Premji is managing director of Wipro. “ It has been a long and satisfying journey for me. As I look i...