A seasoned public company executive brings strong financial and industry-specific expertise.
TEANECK, NJ, September 28, 2023 /PRNewswire/ — Cognizant (Nasdaq: CSH), one of the world’s leading professional services companies, today announced the appointment of Jatin Dalal as financial director, the appointment to be effective in December 2023. Dalal will report to Ravi Kumar S, CEO of Cognizant, and will oversee, among other responsibilities, the global functions of financial planning and analysis, accounting and control, tax, treasury and internal audit, business development corporate, investor relations and enterprise risk management.
Jatin Dalal
Dalal will succeed Jan Siegmundwho, as previously announced, intends to retire in early 2024. Once Dalal assumes the role of CFO, Siegmund will remain with the company as a non-executive officer and special advisor to support an orderly transition.
Dalal brings extensive financial expertise to the leadership level of complex multinational organizations. He joins Cognizant from Wipro, a publicly traded multinational technology services and consulting company, where he served as Chief Financial Officer since April 2015 and took on additional responsibilities as president from December 2019. Previously, he was the CFO of Wipro’s global IT business from 2011 to 2015 at Bengaluruand before that he served as Wipro’s UK Finance Manager for the Europe region and as global finance leader for the company’s Power & Utilities, Healthcare and Manufacturing business units.
“Jatin is a highly experienced CFO in technology services with a proven track record of financial and operational success in a complex and rapidly evolving industry,” said Ravi Kumar S, Chairman and CEO. “We are excited to welcome Jatin to Cognizant and are confident he will help us achieve our goals as we continue to focus on revenue growth.”
About Jatin Dalal
Jatin Dalal joins Cognizant from Wipro, a multinational technology services and consulting company, where since April 2015, he served as CFO and took on additional responsibilities as Chairman in 2019. As CFO of Wipro, he was responsible for corporate finance, corporate finance, business planning , treasury, taxation, secretarial, control, insurance and purchasing. Dalal also led Wipro Ventures, Wipro’s 300 million dollars strategic investment arm focused on investing in early to mid-stage startups.
Dalal joined Wipro in 2002 and held several positions of increasing responsibility in finance, including leading the initiative to create Wipro’s internal Shared Services division (2002-2004), a senior role in Treasury company with responsibilities in investor relations (IR) and economics. research (2005-2008), responsible for financial planning and analysis (FP&A) for the IT activity (2008-2009), responsible for finance for the Europe region and global CFO of three business units (Energy & Utilities, Healthcare and Manufacturing; 2009-2011) and CFO of Wipro’s global IT business (2011-2015).
Dalal holds a bachelor’s degree in engineering from National Institute of Technology (NIT), Surah, India as well as a Post Graduate Diploma in Business Administration (PGDBA) with specialization in Finance and International Trade from NMIMS, Mumbai, India. He is a chartered accountant (India), Cost Accountant (ICWA India), Chartered Management Accountant (CIMA-UK) and Chartered Financial Analyst (USA). Dalal is also an alumnus of the Advanced Management Program at the Wharton School of the University of Pennsylvania.
Dalal has been a member of the New York Stock Exchange Listed Companies Advisory Board since June 2015 has November 2022. He is also the Co-Chairman of the CFO Committee of the Confederation of Indian Industry (CII) for the financial year 2023-24.
About Cognizant
Cognizant (Nasdaq: CSH) designs modern businesses. We help our customers modernize technology, reinvent processes and transform experiences so they can stay ahead in our rapidly changing world. Together, we improve everyday life. See how to www.cognizant.com or @cognizant.
Forward-looking statements
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which is necessarily subject to risks, uncertainties and assumptions as to future events which may not prove to be accurate. These statements include, but are not limited to, the expected date of Dalal’s appointment, the continuity of Siegmund’s services and the expected date of Siegmund’s retirement, as well as the ability to achieve our objectives, including growth revenues. These statements are neither promises nor guarantees, but are subject to various risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ materially from those expressed or implied include the process of obtaining authorization for Dalal to work in the United States, the personal decisions of Dalal and Siegmund and internal factors and external factors impacting our revenue growth discussed in our most recent annual report. Report on Form 10-K and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable securities laws.
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SOURCE Cognitive Technology Solutions
