1 Mar 2011: Cognizant's BFS head, Debashis Chatterjee quits
Cognizant's banking & financial services (BFS) head Debashis Chatterjee has put in his papers. Cognizant, which competes with TCS, Infosys and Wipro earns maximum revenues from financial services.
While Jaideep Poondhir is tipped to take over as the head of the BFS portfolio, there was no information available on where Mr Chatterjee could be headed. Mr Chatterjee has 20 years of experience in the IT industry, with over 14 years in Cognizant alone.
This development also comes at a time when Cognizant is breathing down India’s third largest software exporter Wipro’s neck. It is widely believed that Cognizant’s scorching pace of growth was instrumental in triggering the recent re-structuring exercise in Wipro .
24 Feb 2011: Wipro's ex-CEOs Paranjpe & Vaswani get Rs 7 crore each as severance amount
Ex- Wipro CEOs Girish Paranjpe and Suresh Vaswani have been offered severance packages of Rs 7 crore each. The joint CEOs stepped down on January 31, after being at the helm of the country's third largest IT company for over three years. Wipro decided to dismantle its joint CEO structure to go back to the single CEO model earlier this year.
Cognizant's banking & financial services (BFS) head Debashis Chatterjee has put in his papers. Cognizant, which competes with TCS, Infosys and Wipro earns maximum revenues from financial services.
While Jaideep Poondhir is tipped to take over as the head of the BFS portfolio, there was no information available on where Mr Chatterjee could be headed. Mr Chatterjee has 20 years of experience in the IT industry, with over 14 years in Cognizant alone.
This development also comes at a time when Cognizant is breathing down India’s third largest software exporter Wipro’s neck. It is widely believed that Cognizant’s scorching pace of growth was instrumental in triggering the recent re-structuring exercise in Wipro .
24 Feb 2011: Wipro's ex-CEOs Paranjpe & Vaswani get Rs 7 crore each as severance amount
Ex- Wipro CEOs Girish Paranjpe and Suresh Vaswani have been offered severance packages of Rs 7 crore each. The joint CEOs stepped down on January 31, after being at the helm of the country's third largest IT company for over three years. Wipro decided to dismantle its joint CEO structure to go back to the single CEO model earlier this year.
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