Wipro Limited announces retirement of TK Kurien
25 January 2017 - 12:00AM
Business Wire
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
global information technology, consulting, and business process
services company, today announced that TK Kurien, Executive Vice
Chairman & Member of the Board will retire on January 31, 2017
after completing a distinguished career with the company.
Azim Premji, Chairman, Wipro Limited said, “TK has been
an integral part of the organization’s leadership for years. He has
played a vital role in building and scaling many of Wipro’s
successful businesses besides spearheading our transformation into
a future ready organization. TK has long been a powerful voice in
championing and espousing the cause of the industry in various fora
around the world. I thank him and his family for his immense
contribution to Wipro and wish him the very best for the next phase
of his life and career.”
Wipro Limited announced the elevation of TK Kurien as Executive
Vice Chairman and the appointment of Abidali Z Neemuchwala as the
Chief Executive Officer and Executive Director a year ago.
“TK and Abid have worked together over the past 12 months to
complete a smooth and effective transition. In the past year, TK
and Abid have charted out a new technology roadmap and further
deepened our client relationships besides scaling our big bets in
automation, artificial intelligence and digital,” Premji added.
This seamless transition has allowed TK to advance his retirement
from the previously planned date by two months.
“I consider myself deeply honored and privileged to have been a
part of this organisation. Together, we launched and led businesses
to global recognition. We have grown manifold and are today a
partner of choice for several marquee names around the world. I
thank my colleagues and other stakeholders for their support over
the years,” said TK Kurien, Executive Vice Chairman & Member
of the Board, Wipro Limited.
“It has been my privilege and honor to work closely with TK, an
exceptional leader gifted with a sharp intellect and an uncanny
ability to sense technology trends well ahead of time. His abiding
interest in history and deep understanding of finance gives him a
rare perspective beyond the technology landscape. I wish him the
very best,” said Abidali Z Neemuchwala, Chief Executive Officer
and Executive Director, Wipro Ltd.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading
information technology, consulting and business process services
company that delivers solutions to enable its clients do business
better. Wipro delivers winning business outcomes through its deep
industry experience and a 360 degree view of “Business through
Technology.” By combining digital strategy, customer centric
design, advanced analytics and product engineering approach, Wipro
helps its clients create successful and adaptive businesses. A
company recognized globally for its comprehensive portfolio of
services, strong commitment to sustainability and good corporate
citizenship, Wipro has a dedicated workforce of over 170,000,
serving clients across 6 continents. For more information, please
visit www.wipro.com.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth
prospects are forward-looking statements, which involve a number of
risks, and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks
and uncertainties relating to these statements include, but are not
limited to, risks and uncertainties regarding fluctuations in our
earnings, revenue and profits, our ability to generate and manage
growth, intense competition in IT services, our ability to maintain
our cost advantage, wage increases in India, our ability to attract
and retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, our ability to manage our
international operations, reduced demand for technology in our key
focus areas, disruptions in telecommunication networks, our ability
to successfully complete and integrate potential acquisitions,
liability for damages on our service contracts, the success of the
companies in which we make strategic investments, withdrawal of
fiscal governmental incentives, political instability, war, legal
restrictions on raising capital or acquiring companies outside
India, unauthorized use of our intellectual property, and general
economic conditions affecting our business and industry. Additional
risks that could affect our future operating results are more fully
described in our filings with the United States Securities and
Exchange Commission. These filings are available at www.sec.gov. We
may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company’s filings with the Securities and Exchange Commission and
our reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us
or on our behalf.
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Wipro LimitedVipin Nairvipin.nair1@wipro.com
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