IT services provider Wipro has appointed TCS veteran Abidali Z Neemuchwala as the chief executive officer (CEO).
The Bangalore-based Wipro said TK Kurien, the current CEO, will become the executive vice chairman. He will be a member of Wipro board till March 2017 — ensuring smooth transition of executive powers to the Wipro CEO.
Abid will handle the mandate to take Wipro through the next phase of growth. Incidentally, Wipro Chairman Azim Premji did not pick Rishad Premji for the position of next CEO. Rishad Premji is currently the chief strategy officer and a board member.
Before becoming the CEO, Abid was the group president and chief operating officer of Wipro for the past nine months. At present, Abid is not on the board of Wipro.
At TCS, Abid worked for 23 years in leadership roles.
Azim Premji, chairman, Wipro, said: “As executive vice chairman, TK Kurien will enable Abid by leveraging his deep relationships with customers and chart out a new technology roadmap for Wipro.”
Azim Premji says Abid has effortlessly assimilated into the culture and ethos of Wipro in his 9 months as the group president and chief operating officer.
TK Kurien will continue to report into Azim Premji and will remain a member of the Wipro Board until March 31, 2017.
“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 Abidali Neemuchwala.
Both TK Kurien and Abidali Z Neemuchwala will be on the Board of the company. Both these appointments are effective February 1, 2016, said Wipro.
Profile of Abid
Abid Ali Neemuchwala, who joined Wipro as the group president and COO, effective April1, 2015, is handling the Service Lines of Global Infrastructure Services, Business Application Services, Business Process Services, and Advanced Technology Solutions. He will also head Business Operations; the geographies comprising Continental Europe, Africa, and LATAM; Strategic Engagements, Advisor Relationships as well as the Marketing function.
Earlier, Abid was with Wipro rival Tata Consultancy Services (TCS) where he headed Business Process Services globally. He was involved in several leadership roles during his 23-year-long career with TCS.
A chess buff, Abid is an Electronics & Communication engineer from NIT, Raipur and has a Masters in Industrial Management from IIT, Mumbai.
With a rich experience in Business and Technology Operations, Process, and Consulting, Abid is a Certified Software Quality Analyst and a Certified Six Sigma Green Belt. He also enjoys volunteering, travelling, Indian music, reading fiction, and golf. He is married, has 3 children, and lives in Dallas, Texas.
Wipro revenue to take a beating
The software exporter in December 2015 said the recent rain and flood in Chennai, Tamil Nadu, will have a negative impact on its revenue in the quarter ending December 31, 2015. Wipro is expecting revenues to be in the lower half of its previous guidance. Wipro has facilities in Chennai with more than 22,000 employees.
Revenues from IT services business are expected to be in the lower half of the guidance range of $ 1,841 million to $ 1,878 million, said Wipro.
Earlier, Wipro projected IT services revenue to be in the range of $1,841-1,878 million or $1,860 million for the quarter ending December 31.