Cognizant Technology Solutions Corp. Ravi Kumar S. Ltd. as its new Chief Executive and Board Member, succeeding Brian Humphreys, effective immediately.
Kumar left Infosys in October and joined Cognizant as president of Cognizant Americas. At the time, many analysts speculated that he was well suited for the CEO role. Humphreys will stay on as a special advisor until March 15 to facilitate a smooth transition, according to a statement from Cognizant. He had resigned from the post of CEO earlier this month after a tenure of four years.
Kumar, who has a 20-year stint at Infosys, has held various leadership roles, most recently serving as chairman from January 2016 to October 2022 at India’s second-largest IT firm by revenue. He also served on the boards of TransUnion and software services provider Digimarc Corp. He holds a bachelor’s degree in engineering from Shivaji University, Maharashtra and holds a master’s degree in business administration (MBA) from Xavier Institute of Management.
“Cognizant is well positioned for growth and I am excited to unlock the company’s significant potential for our employees, customers, investors and other stakeholders,” Kumar said.
Surya Gummadi, a 24-year veteran at the firm, will take over from Kumar as president of the Americas. Gummadi held the role on an interim basis from July to October before Kumar took over.
In addition, the firm announced that Cognizant’s board member since March, Stephen J. Rohleder has been elected chairman of the board. Rohleder joined the board in March.
Cognizant, which is set to announce its December quarter earnings on February 2, said it expects fourth quarter revenue of $4.8 billion and $19.4 billion, respectively, compared to earlier expectations of $4.72 -4.77 billion and $19.3 billion for the fourth quarter. and expected annual revenue. for the whole year.
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