IT services company Cognizant on Thursday (September 28) said it has appointed Jatin Dalal as chief financial officer (CFO), with the appointment anticipated to be effective from December 2023.

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Dalal will report to Ravi Kumar S, Cognizant's Chief Executive Officer, and oversee, among other responsibilities, Cognizant's worldwide financial planning and analysis, accounting and controllership, tax, treasury and internal audit, corporate development, investor relations and enterprise risk management functions.

Dalal will succeed Jan Siegmund, who, as previously disclosed, intends to retire in early 2024. Upon Dalal's assumption of the role of CFO, Siegmund will remain with the company as a non-executive officer and special advisor to support an orderly transition.

Dalal brings extensive executive-level financial expertise from multinational organisations. He joins Cognizant from Wipro, a publicly traded multinational technology services and consulting company, where he had served as CFO since April 2015 and assumed additional responsibilities as president beginning in December 2019.

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Previously, he was CFO of Wipro's global IT business from 2011 to 2015 in Bengaluru, and prior to that, he served as Wipro's UK head of finance for the Europe region and as the global finance head for the company's energy and utilities, healthcare, and manufacturing business units.

"Jatin is a highly experienced technology services CFO with a proven track record of financial and operational success in a complex and quickly evolving industry," said Ravi Kumar S.

Dalal joined Wipro in 2002 and served in several roles of increasing responsibility in finance, including leading the initiative to set up Wipro's internal shared services division (2002-2004), a leadership role in corporate treasury with responsibilities for investor relations (IR) and economic research (2005-2008), head of financial planning and analysis (FP&A) for the IT business (2008-2009), head of finance for the Europe region and the global finance head for three business Units (energy and utilities, healthcare and manufacturing; 2009-2011) and CFO of Wipro's global IT business (2011-2015).

He holds a bachelor of engineering degree from the National Institute of Technology (NIT), Surat, India as well as a post graduate diploma in business administration with a specialisation in finance and international business from NMIMS, Mumbai, India.

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He is a chartered accountant (India), cost accountant (ICWA India), chartered management accountant (CIMA-UK), and chartered financial analyst (US). Dalal is also an alumnus of the Advanced Management Program of The Wharton School of the University of Pennsylvania.

Dalal served as a member of the New York Stock Exchange's Listed Company Advisory Board from June 2015 to November 2022. He is also the co-chair of the CFO Committee of the Confederation of Indian Industry (CII) for fiscal year 2023-2024.

(Edited by : Shoma Bhattacharjee)

First Published:Sept 28, 2023 7:25 PM IST