Date:06/02/2005 URL: http://www.thehindubusinessline.com/2005/02/06/stories/2005020602110100.htm

Back Reports on succession plan out of context, says Premji

Our Bureau

New Delhi , Feb. 5

THE Chairman of Wipro, Mr Azim Premji, said reports that he had drawn up a succession plan and had disclosed its contents to the board of directors were out of context.

"It was out-of-context reporting... We are talking about a human resource review and planning process. What has that got to do with succession," Mr Premji said on Saturday, on the sidelines of a CII lecture series here.

"There is a succession plan for everyone in the company," he said.

Earlier, addressing the series, Mr Premji said India had become a part of the `mainstream' and the process was irreversible. "No Government can change the fundamental course of liberalisation," he said adding that even State Governments that have been Leftist are pursuing investments and enterprises.