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Wipro founder Azim Premji to retire in July

IT services company Wipro Ltd said on Thursday founder Azim H Premji would retire as executive chairman and managing director by the end of July and named Chief Executive Officer Abidali Z Neemuchwala as its new MD.

Premji will stay on as non-executive director, the Bengaluru-based company said.

The stocks of Wipro closed 0.65 per cent lower at ₹292.

Source: The Hindu