Cognizant Tech names new CEO
By siliconindia staff writer   |   Wednesday, 24 December 2003, 20:30 IST   |    1 Comments
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NEW YORK: Cognizant Technology Solutions Corporation, a leading provider of IT services, has named its president Lakshmi Narayanan for the post of chief executive officer (CEO). Narayanan is being elevated to the post following retirement of the company's founder chairman and CEO Kumar Mahadeva. Narayanan, 50, has been instrumental in formulating Cognizant's strategy and building the company's delivery capabilities in India, where he will continue to be based. Narayanan, who will continue to perform his current duties, has also been elected to Cognizant's board of directors, the company announced. Francisco D'Souza, previously senior vice-president of North American and European operations and business evelopment, has been promoted to chief operating officer, a title previously held by Narayanan. Gordon Coburn, who continues as CFO, has been promoted to executive vice president and has assumed the additional responsibilities of administration. John Klein, a board member since 1998, has been appointed non-executive chairman. Mahadeva, who is retiring as chairman and CEO after 10 years of service to the company, will remain with Cognizant through April 1 next year to assist in completing the transition in leadership.

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