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 eldest son of Wipro’s billionaire chairman Azim Premji, is confirmed for the vice-chairman’s position in the coming months.
Rishad, aged 37, has a MBA from Harvard Business School and was a consultant with Bain before he joined his father’s company in 2007 as business head for special projects in the banking & finance vertical.
Rishad is currently the chief strategy officer of the $7.3-billion IT company.
This clearly indicates that Rishad is being steered to represent the interests of the Premji family — which owns 75% of the company — on the board and that the company will stick to its current practice of having a professional CEO to run the company.