Cognizant restructures Rajesh Nambiar’s place, compensation
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Livemint
Nasdaq-listed Cognizant Expertise Options Corp. has decided that Rajesh Nambiar, govt vice chairman (EVP) and president, Digital Enterprise and Expertise (DB&T), and chairman, Cognizant India, would stop to function the corporate’s EVP and president, DB&T, efficient 6 July, 2022. “He would thereby stop to be an govt officer of the corporate as of such date,” Cognizant mentioned in a US SEC submitting.
Nambiar will proceed to function EVP, chairman and managing director of Cognizant India. “His compensation in such position will probably be commensurate with compensation inside the group for officers who should not govt officers,” the corporate mentioned.
On 6 July, Cognizant mentioned that it will likely be simplifying its inside working construction round apply areas and supply operations. This modification is a part of the corporate’s ongoing technique to shift in the direction of delivering shopper enterprise outcomes aligned by trade.
Cognizant mentioned it’s merging its DB&T and Digital Enterprise Operations (DBO) apply areas with the respective supply organizations to create 4 new built-in practices: Software program & Platform Engineering, Core Applied sciences & Insights, Enterprise Platform Companies, and Intuitive Operations & Automation.
“This modification won’t affect the corporate’s reportable enterprise segments. With these adjustments, the corporate expects to raised serve purchasers, enabling greatest in school choices and capabilities, and creating much more alternative for associates with publicity to extra profession progress,” Cognizant mentioned within the submitting.
In June 2021, Nambiar changed Malcolm Frank as president of DB&T who on 28 Might final 12 months notified Cognizant of his intent to retire efficient 1 September, after spending 16 years with the corporate.
Supply: Live Mint