Nambiar will thereby cease to be an executive officer of Cognizant, said the Teaneck, New Jersey-based IT services provider.
He will continue to serve as executive vice president, chairman and managing director of Cognizant India, it said.
“His compensation in such a role will be commensurate with compensation within the organization for officers who are not executive officers,” the company said in a filing to the US Securities and Exchange Commission.
Cognizant is merging its DB&T and digital business operations (DBO) practice areas with the respective delivery organizations to create four new integrated practices – software and platform engineering, core technologies and insights, enterprise platform services, and intuitive operations and automation, it said.
With DB&T integrated into the company’s service lines, Nambiar will return full time to the role he was hired for – EVP, chairman and managing director of Cognizant India, said Brian Humphries, the chief executive of Cognizant.
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“Rajesh will continue to report directly to me as a member of our executive committee and focus on enhancing Cognizant’s relationships with the government and key policy making bodies,” Humphries said.
The change will not impact its reportable business segments, Cognizant said.
“With these changes, the company expects to better serve clients, enabling best in class offerings and capabilities, and creating even more opportunity for associates with exposure to additional career growth,” it said.
The company recently changed the definition of digital to reflect digital skills, growth priorities and pricing.
Under the new definition, digital accounted for 48% of Cognizant’s revenue in the 2021 fiscal year. In the first quarter, digital grew 20% on year to account for 50% of its total revenue of $4.8 billion.
