Wipro founder Azim Premji to retire by end-July, Neemuchwala is new MD

Software services exporter Wipro Ltd said on Thursday founder Azim H Premji would retire as executive chairman and managing director (MD) by the end of July and named Chief Executive Officer Abidali Z Neemuchwala as its new MD. Azim Premji, India's second richest man and well-known philanthropist, has led Wipro's evolution from a vegetable oil company founded in 1946 into a global IT firm.

"It has been a long and satisfying journey for me. As I look into the future, I plan to devote more time to focus on our philanthropic.

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