Wipro confirms Azim Premji's retirement

Wipro confirms Azim Premji's retirement

Today, the Software giant Wipro has announced that Azim Premji is going to retire from the company on 30th July, Currently, he is serving as the Executive Chairman and Managing Director of the IT Company, Wipro.

His son, Rishad will take the reigns from his father, Business Tycoon, Azim Premji. In Today's meeting, the company has approved the re-appointment of Rishad A Premji as full-Time director for the company for a period of five years. It will effect from 31st July 2019 to 30th July 2024.

The Wipro board re-designated Chief executive officer and executive director Abidali Z. Neemuchwala as CEO and Managing director.  These changes will be effective on July 31, 2019, subject to shareholder approval, as per Economic Times.