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IT major Cognizant sees two more top level exits

The company's senior executives Arun Baid, who was leading global delivery for banking and financial services vertical, and Dan Smith, who was chief security officer, left the firm recently.

July 02, 2021 / 22:19 IST
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(Image Courtesy: Wikimedia Commons)

Teaneck-based Cognizant sees two more senior executives Arun Baid and Dan Smith leave the firm, according to sources familiar with the development. The exits are the latest in a series of key executives who left the company since CEO Brian Humphries took a major restructuring effort in 2019.

Baid was a Senior Vice President at Cognizant where he led the Global delivery for banking and financial services (BFS) and insurance. He started his journey with Cognizant in 2002 as Director and Delivery Partner, BFS. Banking and financial services is one of the key revenue generators for the firm.

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Smith was heading global chief security officer and joined the company in 2013 from JP Morgan Chase. He is based out of the US. According to sources aware of the development, he announced his intention to retire recently after serving as chief security officer for the past three years.

Alicia Lynch, who joined the firm in July, will be succeeding Smith as the chief security officer and will lead the Corporate Security team. This is one of the key roles in the company given that the company was also subjected to ransomware attacks last year.