Wipro Appoints Rishad Premji to its Board
April 21 2015 - 10:30AM
Business Wire
Wipro Ltd. (NYSE:WIT), a leading global information technology,
consulting and business process services company today announced
the appointment of Rishad Premji to its Board of Directors
effective May 1, 2015.
Rishad Premji joined Wipro in 2007 and has played a critical
role in defining the company’s strategy and driving its Mergers and
Acquisitions function. In 2014, he spearheaded the setting up of
Wipro Ventures, a $100 million fund focused on investing in new age
start-ups building cutting edge technologies.
Rishad will continue to run Strategy and Mergers &
Acquisitions in addition to his new responsibilities overseeing the
Technology Office, Investor and Government Relations, and Wipro
Ventures.
Welcoming Rishad to the Board, Ashok S. Ganguly, Independent
Director and Chairman, Board Governance and Nomination Committee,
Wipro Ltd said, “He brings a unique blend of exceptional
strategic insights, understanding of the technology landscape and
diverse business expertise. These past eight years have given
Rishad an in-depth view of the organization and makes him well
positioned to guide Wipro and carry the mantle of ownership in the
years ahead.”
Commenting on his appointment, Rishad Premji said, “It is
an absolute privilege and honor to be invited to the Board of
Wipro, a company built over the past 70 years on the bedrock of
uncompromising integrity and the hard work of thousands of
Wiproites.”
Prior to joining Wipro, Rishad worked with Bain & Co. for
two years, across multiple industries including Consumer Products,
Automobiles, Telecom and Insurance. He also worked for four years
with GE Capital in the US across several businesses throughout the
Insurance and Consumer Lending space and is a graduate of GE’s
Financial Management Program (FMP). Rishad did his BA in Economics
from Wesleyan University and has an MBA from Harvard Business
School. Rishad is on the Board of Wipro Enterprises Limited, a
leading player in the FMCG & Infrastructure Engineering space
and on the Board of Wipro-GE, a joint venture between Wipro and
General Electric in Healthcare. He is also on the Board of the Azim
Premji Foundation, one of the largest not-for-profit initiatives in
India which is focused on improving public school education working
with over 350,000 government schools across the country. In 2014,
he was recognized as a Young Global Leader by the World Economic
Forum for his outstanding leadership, professional accomplishments,
and commitment to society.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) 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" - helping
clients create successful and adaptive businesses. A company
recognized globally for its comprehensive portfolio of services, a
practitioner's approach to delivering innovation, and an
organization wide commitment to sustainability, Wipro has a
workforce of over 150,000, serving clients in 175+ cities 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.
Wipro Media Contacts:Vipin Nair+91 80
39916450vipin.nair1@wipro.com
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