Abidali Neemuchwala Resigns As Wipro CEO Citing Family Commitments

Wipro Ltd may have a tough task at hand to fill the void left by the exit of its chief executive officer (CEO) and managing director (MD) Abidali Z. Neemuchwala, who cited “family commitments” as the reason for his departure.

Analysts said it’s not going to be easy for the IT services company to quickly find a suitable person to fill Neemuchwala’s shoes.

“Finding a new CEO for a company as large as Wipro is going to be a Herculean task, especially given the challenges the company is going through,” said Sanchit Vir Gogia, chief analyst, founder and CEO at Greyhound Research. “Having said that, Wipro has made a course correction over the past few years. Abid has done a phenomenal job in taking Wipro forward.”

Gogia said it’s critical that the incoming CEO is “new-age, understands digital, and can bring in more elements of IP (intellectual property) assets”. He added: “The person should ideally have a mix of services and software background as they can’t be doing services alone. It has to be IP first.”

[HT Mint]


Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.

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