Cognizant appoints Vodafone CEO Business Brian Humphries as new CEO; estimates 7-9% revenue enhancement in 2019

Key Highlights

Brian Humphries is appointed as new CEO of Cognizant would be effective from April 1, 2019.

The company has surged 11 folds to $16.1 Billion in 13 years under the present CEO Fransisco D’Souza.

Cognizant estimates revenue growth of 7-9 percent in 2019.a

Jersey Based American IT unicorn, Cognizant takes an important decision this Wednesday by appointing Brian Humphries, current CEO of Vodafone Business as CEO of the company replacing Fransisco D’Souza. According to Cognizant statement, “The Board of directors has nominated Brian Humphries as its CEO and member of Board of Director of Cognizant and his appointment would be effective from April 1, 2019”.

The company also added that Fransisco D’Souza co-founder of Cognizant and CEO for 12 years since 2007 will serve as full-time executive vice chairman to facilitate transition through June 30, 2019. He will continue as Vice Chairman in Board of Directors. The company has surged 11 folds to $16.1 Billion in 13 years under the leadership of Fransisco.

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Humphries joined Vodafone from Dell and was recently serving as President and Chief Operating Officer of Infrastructure solutions group based in Boston and Geneva. Before joining Vodafone he was President of Dell’s Global Enterprise solutions, a group of approximate $15 Billion revenue and prior to that he were President and General Manager of EMEA enterprise solutions. Apart from these corporate responsibilities before joining  Dell he was serving Hewlett-Packard where his roles included Emerging markets; Senior Vice President, strategy and corporate development, Chief of staff of chairman and Chief Financial Officer. 

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Michael Patsalos-Fox, Cognizant’s Chairman of the Board said, “With a strong track record of success across different companies, roles, and culture, Brian is the right person to lead and build Cognizant to achieve more heights of success by using his 25 years of experience and expertise.

The IT giant has reported net income of $618 Million or $1.12 per diluted share for the fourth quarter, December 2018 compared to net loss of $18 million or $0.03 per diluted share in the year-ago period. The company estimates revenue growth of 7-9 percent in 2019. Now the growth of the company under the new leadership of Brian Humphries is a matter of interest for the market. Stay connected with us for day to day updates!