Wipro appoints Abid Ali Neemuchwala as its new CEO

Abid Ali Neemuchwala is named at the CEO of India's third largest software exporter Wipro.

Current CEO TK Kurien, who completes five years as CEO later in January, will become executive vice chairman effective February 1, Wipro said. TCS veteran and the current chief operating officer, 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," Azim Premji, Wipro's billionaire chairman told ET. "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.

"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.

(Image credits: Indiatimes)