Cognizant Names Nella Domenici to Board of Directors

Rhea-AI Summary

Cognizant (Nasdaq: CTSH) has appointed Nella Domenici to its Board of Directors as an independent director, effective February 21, 2023. With this addition, the Board expands to 13 members, 12 of whom are independent. Domenici has extensive experience in strategic finance, M&A, and corporate strategy, previously serving as CFO at Dataminr and Bridgewater Associates. Her expertise in capital markets is expected to enhance Cognizant's growth strategy. This marks the sixth new independent director added in the last four years as part of the Board's refreshment initiative.

Positive

• Nella Domenici's extensive background in strategic finance and M&A is expected to provide valuable insights to Cognizant.
• Her appointment reflects Cognizant's ongoing effort to refresh its Board, which has seen six new independent directors in four years.

Negative

• None.

Domenici brings strong expertise in strategic finance, corporate strategy and M&A

TEANECK, N.J., Feb. 13, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced the appointment of Nella Domenici to its Board of Directors (the "Board") as an independent director, effective February 21, 2023. Upon the commencement of Ms. Domenici's term, which will begin concurrently with the previously announced appointment of Eric Branderiz, Cognizant's Board will expand to 13 members, 12 of whom are independent.

"We are pleased to welcome a financial and operations executive of Nella's caliber to the Cognizant Board," said Stephen Rohleder, Chair of the Board. "Nella's insights into the capital markets and the institutional investor community will allow her to contribute immediately. Additionally, her background driving strategy for high quality technology and investment firms, combined with her deep M&A and board leadership experience, will prove valuable assets for Cognizant as we continue to prioritize growth across the business."

The Board continues to strive towards optimizing its balance of director skills and tenures as part of its ongoing refreshment program. With the addition of Ms. Domenici, the Board has appointed six new independent directors in the last four years.

About Nella Domenici

Ms. Domenici, 62, brings significant experience in strategic finance management, corporate strategy and operations, and capital markets.  She most recently served as the Chief Financial Officer and a member of the Management Committee of Dataminr, a leading artificial intelligence company that detects emerging risks from publicly available information. Prior to joining Dataminr, Ms. Domenici was Chief Financial Officer and a member of the Operating Committee at Bridgewater Associates, a global leader in institutional portfolio management and the world's largest hedge fund. Ms. Domenici has also held senior strategic and financial positions at other prominent companies, including Citadel Investment Group, Credit Suisse and the Monitor Consulting Group. She serves on the board of directors of AllianceBernstein Holding LP and, from May 2020 to October 2022, she served on the board of Change Healthcare Inc.  She received her bachelor's degree in English literature from Georgetown University, her juris doctorate from Georgetown University Law Center and her Master of Business Administration degree from Harvard Business School where she graduated with high distinction as a Baker Scholar.

About Cognizant

Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.

Investor Relations Contact:
Tyler Scott
VP, Investor Relations
+1 551-220-8246
Tyler.Scott@cognizant.com

Media Contact:
Jeff DeMarrais
VP, Corporate Communications
+1 475-223-2298
Jeff.DeMarrais@cognizant.com

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SOURCE Cognizant Technology Solutions

FAQ

Who is Nella Domenici and what is her role at Cognizant?

Nella Domenici has been appointed as an independent director on Cognizant's Board effective February 21, 2023.

What experience does Nella Domenici bring to Cognizant?

Domenici brings significant expertise in strategic finance, M&A, and corporate strategy, having served as CFO at Dataminr and Bridgewater Associates.

How many members are on Cognizant's Board after Domenici's appointment?

With Domenici's appointment, Cognizant's Board expands to 13 members, 12 of whom are independent.

When did Nella Domenici's term on the Board begin?

Nella Domenici's term as a Board member began on February 21, 2023.

Why is Cognizant adding new independent directors to its Board?

Cognizant aims to optimize the balance of director skills and tenures as part of its ongoing Board refreshment program.