IT conglomerate Cognizant sees two top executives Arun Baid, and Dan Smith, exit the company. These are the latest executives exit in a series of key leaders who left the company since Cognizant CEO Brian Humphries started restructuring the company in 2019.
Arun Baid was the senior VP at Cognizant, and he led the global delivery for the BFSI practice. He was at the forefront of accelerating Cognizant’s Digital transformation across all BFSI clients of the company.
He joined Cognizant in 2002 and has played a significant role in the company’s growth.
Dan Smith was the Chief Security Officer, a well-rounded security technology leader with over 20 years of experience in sales, product development, marketing, security operations, IR and Forensics, transformation initiatives, and employee development. He joined the company in 2013 after quitting JP Morgan Chase.
Read more about Why Cognizant executives are leaving
He announced his wish to retire recently after serving as Chief Security Officer for three years.
Alicia Lynch, Senior Vice President, Chief Security Officer, Cognizant, who joined the company in July, will be taking over charge of Chief Security Officer and will lead the Corporate Security team.
SVPs Jaideep Poondir, Rajesh Balaji, and Vinayambika Kidiyur, Archana Ramanakumar, and Vikash Gaur, these executives exit the company after CEO Humphries took over.
Ramkumar Ramamoorthy, former India Chairman and MD, and Pradeep Shilige, Global Delivery Head, these executives exited the company last year.
Brian Humphries, CEO of Cognizant, said, “Employee attrition remained a cause of concern for the company, as total attrition in the first quarter was 21 percent compared to 19 percent in the previous quarter.”
The company continues to recruit across levels and roles, strengthening its leadership across essential businesses.
Jan Siegmund, Chief Financial Officer, Cognizant, said during the earnings call in May, “The first quarter performance reflects solid revenue growth in the company’s digital services and consistent execution of its strategy. To support our commercial momentum, we are increasing investments n hiring and talent.”