Cognizant's Vice Chairman Francisco D'Souza steps down from the board; Vinita Bali joins.
Cognizant The company said Vice Chairman Francisco D'Souza, who co-founded Cognizant and served as the chief executive officer from 2007 to 2019, would step down from the role. Cognizant has also appointed Vinita Bali to its board as an independent director, effective 24 February. Bali was the managing director and chief executive officer of Britannia Industries from 2005 to 2014. Francisco D’Souza, who co-founded the company in 1994, was the longest-serving CEO of the IT service company from Jan 2007 through March 2019 when Brian Humphries took over. Francisco D’Souza to exit on 31 March, firm appoints Vinita Bali as independent director Cognizant reports a net profit of $395 mn for Q4, down 39% from $648 mn a year ago. Cogniza...