India’s third largest software exporter Wipro has named former TCS veteran and current chief operating officer Abidali Neemuchwala as its new chief executive, a move that was widely expected and reported earlier.
Current CEO TK Kurien, who completes five years as CEO later in January, will become executive vice chairman effective February 1, Wipro said. Neemuchwala who has also been appointed as a board member will take over his new role on the same day.
“Over the past five years, Wipro has been transforming into a next generation technology and consulting company with defining differentiators in the marketplace,” said Azim Premji, Wipro’s billionaire chairman. “As Executive Vice Chairman, TK will enable Abid by leveraging his deep relationships with customers and chart out a new technology roadmap for Wipro.”
Wipro said Kurien would continue to report to Premji and remain on the board till March 31, 2017.
“In his nine months as the Group President and Chief Operating Officer, Abid has effortlessly assimilated into the culture and ethos of Wipro. The new structure will ensure smooth succession and will build on the solid foundation we have developed to drive superior growth and profitability. I wish both TK and Abid every success in their new roles,” added Premji.
ET had reported on December 21 that Wipro had begun to set the stage for a CEO succession and was likely to name Neemuchwala as its new CEO, with Kurien moving to the role of vice chairman.
“It is a privilege and an honour to be invited to lead Wipro, a company with a rich heritage of technology innovation and unflinching commitment to values. I am convinced that we are well positioned to seize new opportunities in today’s marketplace. I look forward to working with the thousands of Wiproites to take our company to greater heights,” said Neemuchwala in a statement.
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