Business

Cognizant emerges as ‘new CEO manufacturing facility’, 5 former execs turn out to be CEOs in lower than a month

Summary

BENGALURU: Cognizant is being known as the brand new CEO manufacturing facility. Senior executives leaving the corporate following new CEO Brian Humphries’ restructuring initiative are discovering high roles in others, regardless of the difficulties brought on by the Covid-19 pandemic. […]

BENGALURU: Cognizant is being known as the brand new CEO manufacturing facility. Senior executives leaving the corporate following new CEO Brian Humphries’ restructuring initiative are discovering high roles in others, regardless of the difficulties brought on by the Covid-19 pandemic. Most are being employed by firms a lot smaller than Cognizant, maybe to benefit from their expertise in scaling up. All of those executives had spent a few years in Cognizant, and had been a part of the interval when the corporate outgrew each one in every of its friends.
Gajen Kandiah, who was president of Cognizant’s over $2-billion digital enterprise, is now the CEO of Hitachi Vantara, a wholly-owned subsidiary of the $80-billion Japanese conglomerate Hitachi. The appointment occurred final month. Kandiah was with Cognizant for 16 years. Hitachi Vantara delivers information infrastructure, governance and cloud-based merchandise, digital options {and professional} and managed providers that assist organisations unlock the worth of their information. It has 11,000 workers.
Nirav Patel, who was the worldwide head of Cognizant communications, media and expertise enterprise answerable for an over $2-billion enterprise, has turn out to be the president and CEO of Bristlecone, a Mahindra Group firm that specialises in provide chain consulting and system integration enterprise. US-based Bristlecone employs over 1,800 consultants. Patel had spent 20 years in Cognizant doing many world roles spanning gross sales, supply, enterprise technique and operations.
Former Cognizant EVP Kaushik Bhaumik, who was answerable for the $3-billion healthcare enterprise with over 40,000 individuals, has turn out to be the co-founder and CEO of Glide Well being, a enterprise that applies AI/ML to deal with challenges in healthcare. He was in Cognizant for 16 years.
Karthik Krishnamurthy, who was world head of markets in Cognizant’s digital enterprise, has turn out to be the CEO of expertise options supplier Collabera. Collabera employs 16,000 individuals and works with 70% of the Fortune 500 firms. Krishnamurthy was with Cognizant for 18 years.
Venkat Krishnaswamy, former vice-chairman of Cognizant’s healthcare and life sciences enterprise, and who was within the firm for over 16 years, was just lately appointed because the chairman of BPM agency Firstsource Healthcare’s advisory board.
A companion in a top-tier government search agency famous that these first-generation IT providers expertise come from a management pedigree targeted on the bulking up recreation. They could not have the ability to thrive in right now’s setting of disruption. “They could not get a seat on the desk in driving high-end consulting conversations. Nonetheless, the market nonetheless has an urge for food to rent leaders with scale-up abilities in mid-sized property,” he stated.
The final one yr has been an eventful one with Accenture, IBM and Capgemini having gone via CEO transitions. Extra just lately, Wipro noticed a brand new CEO on the helm. “However the large query to ask is what number of boards have opted to judge leaders popping out of the Indian IT providers ecosystem?” he requested.
Rod Bourgeois, head of analysis in DeepDive Fairness Analysis, stated that previous to 2016, Cognizant loved a long-standing place because the envied development story within the providers business, and it was a darling inventory amongst buyers. “Because of this, out there for administration expertise, Cognizant workers have a tendency to learn from the corporate’s historic popularity as a development chief,” he stated.
Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: