Infosys President Turns into New Cognizant CEO With Plans To ‘Unlock’ Potential

January 12, 2023, 02:04 PM EST

‘Cognizant is well-positioned for development, and I’m excited to unlock the corporate’s important potential for our workers, shoppers, buyers, and different stakeholders,’ says Cognizant’s new CEO Ravi Kumar.

Infosys’ former president, Ravi Kumar S, is now the CEO of IT companies big Cognizant, changing former CEO Brian Humphries who led the corporate for almost 4 years.

“Cognizant is well-positioned for development, and I’m excited to unlock the corporate’s important potential for our workers, shoppers, buyers, and different stakeholders,” stated Kumar in an announcement.

Kumar spent 20 years at India-based world IT companies and consulting agency Infosys. He served as president from 2016 till late 2022, main the corporate’s massive world companies group throughout all world segments.

It’s not instantly clear why Humphries was leaving the CEO place. CRN has reached out to Cognizant for remark.

Teaneck, N.J.-based Cognizant is likely one of the largest resolution suppliers on this planet, rating No. 7 on CRN’s 2022 Resolution Supplier 500 checklist.

[Related: Cognizant To Acquire AustinCSI In Digital Transformation Play]

In December, Cognizant unveiled its plan to amass Utegration, an answer supplier specializing in SAP companies and merchandise. Moreover, in November, Cognizant acquired digital transformation consulting specialist AustinCSI to increase its capabilities for serving to clients with their digital methods.

“I’ve watched Cognizant essentially rework its enterprise, increasing its digital portfolio and capabilities, strengthening consumer relationships and partnerships, and meaningfully enhancing operational self-discipline,” stated Kumar.

Former CEO Humphries To Keep Till March

Humphries was a high government at HP, Dell Applied sciences and was the previous CEO of Vodafone Enterprise earlier than becoming a member of Cognizant as CEO in 2019.

Humphries stated he was pleased with his workforce’s achievements over time in elevating all points of the corporate.

“Our model is extra seen, our portfolio is stronger, our consumer relationships are extra consultative and we’re higher aligned to excessive development digital segments inside our market,” he stated in an announcement. “The corporate is in a fantastic place for achievement.”

Humphries will stay with Cognizant as a particular advisor till March 15.

“I want Ravi and the management workforce all one of the best for the longer term,” he stated.

Cognizant Appoints New Leaders

Cognizant additionally introduced at this time that Stephen J. Rohleder, a member of Cognizant’s board since March 2022, has been elected chair of the board.

Former Chairman Michael Patsalos-Fox will stay on the board as an unbiased director.

Moreover, Cognizant named Surya Gummadi as president of Cognizant Americas. Gummadi is 24-year veteran of Cognizant, beforehand serving as senior vp of Cognizant’s well being sciences enterprise phase.

Cognizant Monetary Steering

Together with the revealing of a brand new CEO, Cognizant additionally launched fourth quarter 2022 monetary earnings steering.

The corporate is projecting fourth quarter income of $4.8 billion, representing a development enhance of 1 % yr over yr.

Cognizant expects full-year 2022 income to succeed in $19.4 billion, up 5 % yearly in comparison with 2021.