- Abidali Z Neemuchwala who is CEO of Wipro has decided to step down as a result of family obligations, as announced by the company.
Bengaluru-based IT major Wipro Ltd said on Friday that its chief executive (CEO) and managing director Abidali Z Neemuchwala has decided to step down as a result of family obligations.
Neemuchwala, who had been Wipro’s group president and chief operating officer since April 2015, was appointed CEO effective 1 February 2016. Overall he has more than 25 years of IT services industry experience.
In April 2015, Neemuchwala was named as Group Chair and COO. As COO, Neemuchwala led many initiatives that helped create a more agile and seamless organization and enhanced the ability of Wipro not only to respond to customers in the digital age but also to ensure deeper involvement of employees. He was appointed CEO and Executive Director of Wipro on 1 February 2016, replacing T.K. Kurien. As CEO, Neemuchwala controls sales of $8 billion and represents clients across six continents, employing more than 160,000 employees. Neemuchwala helped land Wipro with a $1.5 billion, 10-year contract with Alight Solutions in September 2018 to its largest deal in history. On July 31, 2019, he was appointed managing director (MD) of Wipro following the retirement of Azim Premji.
Neemuchwala holds a Bachelor’s degree in Engineering (BE) from the National Institute of Technology, Raipur, and a Master’s degree in Industrial Management from the Indian Institute of Technology, Bombay.
Prior to Wipro, he held key leadership roles in business, technology, finance, operations, and consultancy with Tata Consultancy Services. In 2010, he was named the BPO CEO of the year.
“A search has been launched by the board of directors to find the next Chief Executive. Abid will continue to hold CEO & Managing Director’s office until a successor is named for a smooth transition and to ensure the business continues as normal, “the firm said in a BSE filing.
Wipro Ltd chairman Rishad Premji said, “We’re grateful to Abid for his leadership and his contributions to Wipro. Abid has helped build a strong execution mentality over the past four years, guided key acquisitions and scaled our digital business globally.
We wish him the best for the future. “Talking about his journey, Neemuchwala said,” We’ve made considerable progress on our transformation journey, improved our delivery engine, and institutionalized deeper customer-centricity”
At 9.24 a.m., Wipro dropped 2 percent on BSE since its closing.
“Within the stable new leaders will emerge. They’ve had Harish Dwarkanhalli, Milan Rao, nice hires. They also hold great internal talent-Rajan Kohli, “said Ray Wang, CEO of Silicon Valley Constellation Research.
Dwarkanhalli joined Cognizant’s Wipro in December and is responsible for cloud enterprise platforms at the company. Milan Rao left GE Healthcare to join Wipro in 2017. Rajan Kohli heads digital company for Wipro.