Performance for the quarter ended September 30, 2019 Abidali Z. Neemuchwala, CEO and Managing Director said, “We had a good in-quarter execution on both revenues and margins. He earned $2.8 million in the previous year. His son Rishad Premji is taking over this role. Much will depend on Rishad on how he leads this IT behemoth with 1.75 lakh employees behind him. File photo of Wipro CEO Abidali Neemuchwala, Review: Azim Premji—The man beyond the billions, Wipro's Premji emerges as most generous Indian in FY20. Abidali Neemuchwala steps down as CEO and MD of Wipro Ltd. Abid recently joined Dallas Venture Partners (DVP) as a Venture Partner. The sudden exit of the Wipro CEO Abidali Neemuchwala comes at a time when he still had a full year of term left in his role. Though the exact reason for his exit is unknown, Wipro’s regulatory filing announcing his departure cited family commitments as the reason behind him stepping down. He spearheaded many initiatives at Wipro that helped the information technology giant become a nimble and agile organisation again. Am 31. Manager, Technology Enablement Group. During the day, it dropped 2.38 per cent to Rs 235.05. Abidali Neemuchwala was appointed as Wipro's CEO after T. K. Kurien stepped down in early 2016. Though the exact reason for his exit is unknown, Wipro’s regulatory filing announcing his departure cited family commitments as the reason behind him stepping down. Geopolitics and trade dynamics are shifting. In 2019, HCL Technologies replaced it as the country’s third largest IT provider. Neemuchwala, who had been group president and CEO from April 2015, was appointed CEO with effect from 1 February 2016. However, Rishad has a challenging task ahead as Wipro slipped to fourth from being the third largest IT services exporter from India as HCL Technologies stormed ahead. Abidali Neemuchwala will take over as managing director and continue as CEO IT czar Azim Premji will retire as executive chairman of Wipro Limited with effect from July 30, but will continue to serve on the board as non-executive director and founder chairman, Wipro said in a statement on Thursday announcing top deck changes. Despite having many deep-pocketed clients, Wipro is lagging behind many of its Indian peers in terms of growth rate. Wipro already admitted the breach was a result of employee phishing attacks. Rajan Kohli is heading Wipro’s digital and consulting division, while Milan Rao, who joined the firm from GE Healthcare, heads Wipro’s core transformation office-marketing, innovation, and technology. Along with the technology business, he also built significantly in the segments of FMCG, infrastructure engineering, and medical devices with combined revenues of over $2 billion. What does the letter call for? On the NSE, it dipped 1.74 per cent to close the day at Rs 236.50. Neemuchwala will hold the office until a successor is appointed. Abid will continue to hold the office of CEO and MD until a successor is appointed for a smooth transition and to ensure that business continues as usual," the filing stated. Wipro Limited (Western India Products Limited) ist ein multinationales Unternehmen für Dienstleistungen aus den Bereichen IT Consulting und Systemintegration mit Hauptsitz in Bangalore, Indien. In an exclusive interview with THE WEEK in December 2019, Neemuchwala expressed his focus on digital transformation, calling it a top priority for most of Wipro's customers. 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