Premji replaces joint CEOs of under-performing Wipro

Wipro Chairman Azim Premji, in a decisive move, ousted the two men he had handpicked less than three years ago to run the country's third largest IT services company and the 21st most-valued firm. On Friday, Wipro's co-CEOs, Girish Paranjpe and Suresh Vaswani, were abruptly replaced by an insider, T K Kurien.