NASDAQ-listed Cognizant has notified shareholders that Rajesh Nambiar will cease to serve as the executive vice president and president of the Digital Business and Technology vertical of the company effective July 6, 2022. Post this, Nambiar’s compensation too will be adjusted in accordance with the salaries of the company’s non-executive officers.
Nambiar, however, will continue to be a part of the company as the Executive Vice President, Chairman, and Managing Director of Cognizant India, the IT services major informed in an SEC filing in the US on Wednesday.
This change is a part of a larger organisational restructuring to shift towards delivering client business outcomes aligned by industry. The company plans to simplify its internal operating structure around practice areas and delivery operations.
“The Company is merging its Digital Business & Technology (DB&T) and Digital Business Operations (DBO) practice areas with the respective delivery organizations to create four new integrated practices: Software & Platform Engineering, Core Technologies & Insights, Enterprise Platform Services, and Intuitive Operations & Automation. This change will not impact the Company’s reportable business segments,” Cognizant said in the filing.
“With DB&T integrated into our Service Lines, Rajesh Nambiar will return full time to the role we hired him for: EVP, Chairman and Managing Director of Cognizant India, leading our more than 240,000 India associates, which is especially important as we transition to our hybrid work future. Rajesh will continue to report directly to me as a member of our Executive Committee and focus on enhancing Cognizant’s relationships with the government and key policy-making bodies,” Humphries said. Moneycontrol