Cognizant’s CEO Ravi Kumar S Discusses Executive ‘Poaching’ and Business Strategy
In a recent interview at the World Economic Forum (WEF) in Davos, Cognizant’s CEO Ravi Kumar S addressed the controversy surrounding the company’s hiring practices, specifically the recent lawsuits against two executives who joined Cognizant from rival firm Wipro. Kumar emphasized that Cognizant is merely “doing its business” and aims to establish itself as an “employer of choice.”
The focal point of the discussion was Cognizant’s Chief Financial Officer (CFO) Jatin Dalal, who, along with another executive, Mohd Haque, faces legal action from their previous employer, Wipro. Wipro has filed a lawsuit against Dalal, citing a ‘breach of contract’ and seeking damages of ₹25.15 crore. Responding to these legal challenges, Kumar expressed his commitment to building Cognizant as an employer that attracts top talent.
“I am just doing my business. I want to make Cognizant an employer of choice,” stated Kumar during the CNBC TV18 interview. This marks the CEO’s first public remarks on the ongoing situation. He acknowledged the company’s strategy of bringing in new leadership and defended the decision by emphasizing the need to fill leadership gaps and maintain competitiveness.
Kumar highlighted that the hiring process is a continuous effort, and the company is committed to promoting talent from within. “We’re a phenomenal platform… our entrepreneurial spirit is priceless. Our agility in the market is priceless. We have a DNA of client centricity,” he said, underscoring the unique strengths and heritage of Cognizant.
The CEO emphasized his dedication to restoring the core values that have shaped Cognizant’s identity. He mentioned the importance of looking within the organization to fill leadership positions, promoting individuals who align with the company’s values and vision. Despite facing legal challenges and criticism for hiring from competitors, Kumar remains focused on Cognizant’s strategic goals.
“We will always have gaps on our leadership, and we’ll look up to the market. And we will look for teams who want to join on this journey,” Kumar added, indicating the company’s openness to external talent.
The controversy surrounding executive ‘poaching’ is not unique to Cognizant, as other major IT firms like Wipro and Infosys have also faced similar challenges. Kumar’s remarks at Davos provide insight into Cognizant’s perspective on talent acquisition and leadership development. As the company continues to navigate legal issues and build its leadership team, Kumar’s commitment to making Cognizant an ’employer of choice’ remains a key aspect of the company’s strategy.
