TEANECK, N.J., June 13, 2018 /PRNewswire/ -- The Board of Directors of Cognizant (Nasdaq: CTSH) today announced the appointment of Francisco D'Souza as Vice Chairman of the Board in addition to his current role as CEO.
"Cognizant has become one of the world's leading technology services companies based on a unique 'client-first' culture. The company's leadership team has been at the vanguard of the shifts in technology, and the company has invested significantly in digital over the past several years to achieve a differentiated market position," said John Klein, Chairman of the Cognizant Board of Directors. "As we look at the vast market opportunities to help our clients apply digital technologies such as artificial intelligence, IoT, cloud and blockchain at scale, we are confident that we have the market position and the executive team to further extend Cognizant's leadership."
"In particular, I would like to recognize Francisco for his remarkable contributions since he was named CEO in 2007," continued Klein. "Since he assumed the role, Cognizant has grown more than seven-fold, to a Fortune 200 company with nearly $15 billion in revenues in 2017. Every year under his leadership Cognizant has been ranked as one of Fortune's Most Admired Companies. He has also been personally recognized one of America's Best CEOs by Institutional Investor and as one of the top ten on Fortune's Businessperson of the Year ranking. We all look forward to Francisco's continued contributions to the company."
"It's a great honor to be named Vice Chairman of Cognizant's Board," said D'Souza. "The many accomplishments of Cognizant over the years belong to the talented leadership team and to our dedicated group of more than 260,000 associates around the globe who work tirelessly to help our clients build stronger businesses. I'm grateful to all of them and look forward to even greater successes from this team in the years ahead. As Cognizant turns 25 years old as a company, our market opportunity has never been greater as we focus on creating the digital leaders of tomorrow."
Cognizant (Nasdaq-100: CTSH) is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 195 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant
This press release includes statements which 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 are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. These statements include, but are not limited to, express or implied forward-looking statements relating to our expectations regarding opportunities in the marketplace. These statements are neither promises nor guarantees, but are subject to a variety of 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 prospective 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 general economic conditions, changes in the regulatory environment, including with respect to immigration and taxes, and the other factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.