Brian Humphries Appointed As The New CEO Of Global IT Major Cognizant

Cognizant Technology Solutions Corporation , a leading provider of information technology, consulting and business process services, has named Brian Humphries as its new CEO. He will be succeeding the current incumbent and company Co-Founder Francisco D'Souza.

During D'Souza. tenure as CEO, the Company increased annual revenue over ten times what it was when he took over and became a Fortune 200 company.

The Company announced today that its Board of Directors has appointed Brian Humphries, currently the CEO of Vodafone Business, as its CEO and a member of the Board of Directors, in each case effective April 1, 2019.

Following Humphries' appointment, Francisco D'Souza, who co-founded Cognizant and has served as CEO since 2007, will serve as full-time Executive Vice Chairman to facilitate the transition through June 30, 2019. Thereafter, he will remain on the Board as Vice Chairman.

In his current role as CEO of Vodafone Business, Humphries manage its global enterprise business, consisting of all business-to-business fixed and mobile customers, as well as Vodafone's Internet of Things, Cloud-Hosting, Carrier Services and Security Solutions. Vodafone Business is part of Vodafone Group, one of the world's largest telecommunications companies

“With a strong track record of success across different companies, cultures and roles, Brian is the right executive to lead Cognizant and build on its 25 years of growth, success and innovation,” said Michael Patsalos-Fox, Cognizant’s Chairman of the Board.

“Our industry is entering a dynamic new growth stage. Brian is a broadly experienced technology executive with a proven track record of driving enterprise-wide transformation through focused execution, often in challenging and highly competitive market segments. Brian brings a global perspective and a keen knowledge of our businesses and the technologies with which we innovate. We’re confident he has the ideas, energy, ambition and insights to extend the remarkable track record of success under Frank’s leadership.”

The Company also announced that Rajeev Mehta will step down as the Company's President, effective April 1, 2019.

The company also announced its its fourth quarter and full year 2018 financial results. Revenue for the fourth quarter of 2018 rose to $4.13 billion, up 7.9% from $3.83 billion in the fourth quarter of 2017.The company’s full year revenue for 2018 increased to $16.13 billion, up 8.9% (8.5% in constant currency) from 2017.