Wipro Limited has announced that chief executive (CEO) officer and managing director (MD) Abidali Z Neemuchwala has decided to step down due to family commitments.

The Board of Directors has initiated a search to identify the next CEO. Neemuchwala, however, 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.

Commenting on the development, Rishad Premji, Chairman, Wipro Limited, 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.”

Meanwhile, Neemuchwala said, “It has been my honour and privilege to serve Wipro, a company with a rich legacy of almost 75 years. We have made considerable progress in our transformation journey, improved our delivery engine and institutionalised deeper client centricity. I thank Azim Premji, Rishad, our Board of Directors, my Wipro colleagues and customers for their support over the years.”