Cognizant Announces Chief Financial Officer Transition

TEANECK, N.J., July 29, 2020

Siegmund most recently served as CFO of Automatic Data Processing ("ADP"), a leading global human capital management technology and service provider.  He will succeed Karen McLoughlin, who will continue in the CFO role through August 31, 2020, and will remain with the Company in an advisory role through December 31, 2020.

"Jan is an accomplished executive with a wealth of experience in finance, strategy and general management," said Brian Humphries, Chief Executive Officer.  "He has the right set of leadership attributes and industry experience to help drive the continued execution of our strategic growth plan. We look forward to welcoming him to the team on September 1."

Humphries continued, "Karen has been an outstanding CFO and business partner, and has also been an invaluable resource for me during my first year with the company.  We are not only thankful for her significant contributions over her tenure, but also for her commitment to ensuring a smooth CFO transition.  On behalf of everyone at Cognizant, I wish Karen the very best in her next endeavors."

"Having been with the Company since 2003 and served as CFO for 8 years – and as someone who cares deeply about the future of Cognizant – I'm very pleased to pass the baton to someone as qualified as Jan," said McLoughlin.  "I am proud of what we have accomplished and confident we have now positioned the company for success in the years ahead.  I look forward to welcoming Jan and supporting a smooth transition."

"I am excited to join Cognizant during this important chapter in the company's history," said Siegmund.  "Cognizant has a compelling global platform and is well positioned to capture a growing industry opportunity as companies shift to digital business models.  I look forward to working with Brian and the rest of the Cognizant team to help our clients achieve their goals and create value for all our stakeholders."