Cognizant names CEO Francisco D’Souza vice chairman of the board

Cognizant said it has named CEO Francisco D’Souza as vice chairman of the board, the latest board change since activist hedge fund Elliott Management liquidated its stake in the company.

“I would like to recognize Francisco for his remarkable contributions since he was named CEO in 2007. Since he assumed the role, Cognizant has grown more than seven-fold, to a Fortune 200 company with nearly $15 billion in revenues in 2017….We all look forward to Francisco's continued contributions to the company," John Klein, chairman of Cognizant said.

Last month, ET had reported that Elliott Management had exited the company, after pushing the Teaneck, New Jersey-headquartered IT player to make changes to its business and return billions of dollars in capital to its shareholders.


“It's a great honor to be named Vice Chairman of Cognizant's Board. The many accomplishments of Cognizant over the years belong to the talented leadership team and to our dedicated group of more than 260,000 associates around the globe ...As Cognizant turns 25 years old as a company, our market opportunity has never been greater as we focus on creating the digital leaders of tomorrow,” D’Souza said in a statement.