Cognizant has announced the appointment of Jatin Dalal as chief financial officer, effective from December. He will be responsible for overseeing Cognizant's worldwide financial planning and analysis, accounting and controllership, tax, treasury and internal audit, corporate development, investor relations and enterprise risk management functions.
Equipped with an extensive executive-level financial expertise from complex, multinational organizations Dalal, a former Wipro CFO, is all set to succeed Jan Siegmund, who 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.
He served Wipro as CFO for its global IT business from 2011 to 2015 in Bangalore, 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 & Utilities, Health Care, and Manufacturing business units.
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 & 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 & Utilities, Health Care and Manufacturing; 2009-2011) and CFO of Wipro's Global IT Business (2011-2015).
"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, Chief Executive Officer.