We will transform to reach new heights, says Wipro chairman Azim Premji

Wipro will continually transform to scale new heights as the world changes while remaining firmly committed to its values, the company’s chairman and tech magnate Azim Premji, who will retire as the company’s head this month-end, said. Also, he expressed confidence that the future of Wiprowould far outshine “anything that we have done before.”

The IT major last month had announced that Premji, who turned a small maker of vegetable oil into a USD 8.5-billion software behemoth, will retire as the company head by July-end and hand over reins of the firm to his son Rishad.

Premji, who turns 74 in July, would retire as executive chairman upon the completion of his current term on July 30 after having led the company for 53 years, it had said. Informing company’s shareholders that Rishad Premji, chief strategy officer and member of the board, would take overas the executive chairman with effect from July 31 during the company’s annual general meeting, he said Rishad brings to this role new ways of thinking, broad experience, andcompetence that would lead Wipro to greater heights.