Bengaluru-based IT major Wipro Ltd on Friday said that its chief executive officer and managing director Abidali Z Neemuchwala has decided to step down due to family commitments.
Neemuchwala, who had been group president and chief operating officer of Wipro from April 2015, was appointed CEO with effect from February 1, 2016. Overall, he has over 25 years of experience in the IT services industry.
Prior to Wipro, he has held key leadership roles with Tata Consultancy Services, in business, technology, sales, operations and consulting. He was recognized as the BPO CEO of the year in 2010.
“The board of directors has initiated a search to identify the next chief executive officer. Abid will continue to hold the office of CEO & managing director until a successor is appointed for a smooth transition and to ensure that business continues as usual," the company said in a filing on the BSE.
Rishad Premji, chairman of Wipro Ltd said, “We thank Abid for his leadership and his contributions to Wipro. Over the last four years, Abid helped build a strong execution mindset, drove key acquisitions and scaled our digital business globally. We wish him the very best for the future."
Talking about his journey, Neemuchwala said, “We have made considerable progress in our transformation journey, improved our delivery engine and institutionalised deeper client centricity…"
At 9.24am, Wipro fell 2% to ₹235.90 on BSE from its previous close.