Cognizant gives muted revenue guidance for 2019; appoints new CEO

Humphries' appointment ends the era of founders, who have driven the company for the last 25 years

IT services major Cognizant, which completed 25 years of its operations late last month, on Wednesday announced a major reshuffle in the senior management, with the appointment of Brian Humphries as its new chief executive officer (CEO), succeeding co-founder and current CEO, Francisco D’Souza. Humphries, who is currently CEO of Vodafone Business, will take up this new role effective from April 1, 2019.
 
To facilitate the current leadership transition, D’Souza, who is heading the firm since 2007, will serve as executive vice-chairman till June 30 of this year and then remain on the Nasdaq-listed company’s board as vice-chairman.