Cognizant shuffles senior management, appoints new COO

It’s just been two days that Cognizant Technology Solutions (CTS) slashed its growth guidance for the year, and now it has shuffled its senior management team, while also announcing hiring a new COO. It recently became the second largest software services firm in the country, leaving behind several of its biggest rivals.

As per Senior Cognizant sources, this shuffle had nothing to do with the financial performance statements issued over the weekend; instead, it was being planned for quite some time now.

"The market is undergoing a major shift in the pace of digital technology adoption by clients, driven by new social, mobile, analytics, cloud, artificial intelligence, the Internet of Things (IoT), adaptive manufacturing, augmented reality and blockchain technologies, to name a few... Our realigned organizational structure brings together all of our talented teams to fully align with the transformative needs of our clients and helps us better support them in navigating the shift to compete in the digital economy," said a Cognizant spokesperson.

There have been no changes in the top management of the company, but the senior management has been shuffled.

Changes include hiring a new COO, Srinivasan V, who will be taking over from Sridhar T, as he moves on to a newly created strategic initiatives portfolio. Earlier, Srinivasan was executive VP, products and resources.

The senior management roles that are changed include delivery roles being given to Debashis Chatterjee, who is executive VP and president, technology solutions. Prasad C, on the other hand, will now be taking care of industry verticals in North America, and Santosh Thomas has been given Latin American markets along with EU and APAC.

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