WEB DESK
An early morning statement by Wipro on Friday said its CEO Abidali Z Neemuchwala has decided to step down from his position. Neemuchwala has stated family commitments as his reason for resignation.
Wipro CEO Abidali Z Neemuchwala has decided to step down from his position due to family commitments, a statement said early Friday. With the development, Wipro Board is now hunting for the next CEO. Abidali Z Neemuchwala has meanwhile decided to stay until his successor is appointed. Commenting on his resignation, Wipro CEO Abidali Z Neemuchwala said, “lt has been my honour and privilege to serve Wipro, a company with a rich legacy of almost 75 years.”
Neemuchwala was re-designated as CEO and managing director after billionaire and philanthropist Azim Premji had stepped down as chairman of Wipro in June 2019. Following this, his son Rishad Premji was appointed in his place.
‘We thank Abid for his leadership and his contributions to Wipro,” said Rishad Premji in the press release.
Who is Abidali Z Neemuchwala?
Abidali Neemuchwala (born December 8, 1967) is an Indian-American business executive. He is the chief executive officer (CEO) and managing director (MD) of Wipro since February 2016. Neemuchwala, who had been group president and chief operating officer (COO) of Wipro from April 2015, was appointed CEO with effect from February 1, 2016. He previously was the CEO of the BPO division of Tata Consultancy Services Limited.
Abidali Neemuchwala was appointed group president and COO in April 2015. As the COO, Neemuchwala spearheaded several initiatives that helped create a more nimble and agile organization and accelerated Wipro’s ability to not only respond to customers in the digital age, but also ensure deeper employee engagement.
On February 1, 2016, he was appointed CEO and executive director of Wipro succeeding TK Kurien. As CEO, Neemuchwala oversees $8 billion in revenue and more than 160,000 employees serving clients across six continents.