News: Rishad Premji to join board as CFO

C-Suite

Rishad Premji to join board as CFO

India's third-biggest software exporter Wipro is preparing for a generational shift at the top after company veteran and CFO Suresh Senapaty retires next March. Rishad Premji, the elder son of Wipro's billionaire founder Azim Premji, and also the company's head of strategy, is set to join the board "sometime next year", at least two people familiar with the discussions said. "It's not that he (Rishad) was not part of the board discussions — he's always been since becoming the CSO —but with formal induction, he will get closer to representing ownership on the board," the first person said. There are two triggers for Rishad's promotion to the board. Firstly, Suresh Senapaty's retirement leaves an executive leadership post to be filled, and secondly, Rishad's grooming over the past seven years in different roles in the company seems to have almost achieved the purpose.

India's third-biggest software exporter Wipro is preparing for a generational shift at the top after company veteran and CFO Suresh Senapaty retires next March. Rishad Premji, the elder son of Wipro's billionaire founder Azim Premji, and also the company's head of strategy, is set to join the board "sometime next year", at least two people familiar with the discussions said. "It's not that he (Rishad) was not part of the board discussions — he's always been since becoming the CSO —but with formal induction, he will get closer to representing ownership on the board," the first person said. There are two triggers for Rishad's promotion to the board. Firstly, Suresh Senapaty's retirement leaves an executive leadership post to be filled, and secondly, Rishad's grooming over the past seven years in different roles in the company seems to have almost achieved the purpose.

Read the Economic Times news report here.

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Topics: C-Suite, Appointments, #Corporate

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