Neemuchwala resigns after 4 years as Wipro CEO citing 'family commitments'

Abidali Neemuchwala has formally resigned after about four years as chief executive officer (and managing director since last July) at information technology major Wipro.

 His term had another year, but Neemuchwala has cited “family commitments” for wanting to leave. The board of directors  has begun the process of looking for the next CEO, the company told the stock exchanges. 

Rishad Premji took charge last year as executive chairman from his father, Azim Premji. "The board and I have a lot of respect for Abid and thank him for all his contributions over the past five years...he will continue to be the CEO