A Cognizant veteran who reports directly to chief executive officer Francisco D'Souza has resigned, a development that adds to the steady trickle of negative information emanating from a company which used to set the growth pace for the information technology services industry. The departure of executive vice president Mahesh Venkateswaran is also leading to questions about the company's ability to retain key leaders, especially when revenue growth has slowed. According to several people familiar with the development, Venkateswaran is the third senior executive to leave in less than six months, following long-time executives chief innovation officer Sukumar Rajagopalan and chief people officer Sankar Srinivasan.

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