Cognizant appointed Wipro Ltd.’s Jatin Dalal as chief financial officer as the company’s current CFO Jan Siegmund’s plan to retire in early 2024.

Dalal’s appointment is likely to be effective in December 2023 and upon his assumption of the CFO role, Siegmund will remain with the company as a non-executive officer and special advisor to support an orderly transition, the Nasdaq-listed IT services and consulting company said in a statement.

Dalal, who would be relieved from Wipro on 30 November, will report to Cognizant's Chief Executive Officer Ravi Kumar S.

He will oversee Cognizant's worldwide financial planning and analysis, accounting and controllership, tax, treasury and internal audit, corporate development, investor relations and enterprise risk management functions.

The company said Dalal brings extensive executive-level financial expertise from complex, multinational organizations. 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, it noted.

As the CFO of Wipro, Dalal was responsible for corporate finance, business finance, business planning, treasury, taxation, secretarial, controllership, assurance and procurement.

Dalal holds a Bachelor of Engineering degree from National Institute of Technology (NIT), Surat, as well as a Post Graduate Diploma in Business Administration (PGDBA) with a specialization in finance and international business from NMIMS, Mumbai, according to the statement.

He is a chartered accountant, cost accountant, chartered management accountant and chartered financial analyst, it said.

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