Wednesday, July 11, 2012:
Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, today announced that Michael Patsalos-Fox has been elected to its Board of Directors.
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Mr. Patsalos-Fox, 59, is a Senior Partner of McKinsey & Company, where he has worked for 31 years. During his tenure at McKinsey, Mr. Patsalos-Fox has served on the Firm’s Operating Committee and elected Board for several years. He has led the Americas region, the New York and New Jersey Offices, the North American Corporate Finance and Strategy practice, and the European Telecoms practice. Since 2009, he has been leading McKinsey’s new global data and software growth opportunities.
“We are delighted to welcome Michael to Cognizant’s Board of Directors,” said Francisco D’Souza, Chief Executive Officer of Cognizant. “Michael is a proven leader in the consulting industry. His international experience across a broad range of industries and deep strategic insight will be invaluable as we continue to broaden and deepen the penetration of our existing services, while simultaneously developing our next generation offerings.”
Born in Cyprus, Mr. Patsalos-Fox has lived in Australia, Switzerland, the UK, and USA. He holds a B.Sc. in computer sciences and pure mathematics from Sydney University in Australia, and an MBA with distinction from the International Institute of Management Development (IMD), Lausanne, Switzerland. Mr. Patsalos-Fox also serves on the Board of the Playwrights Horizons Theater Company. Mr. Patsalos-Fox plans to retire from McKinsey in the next several months.
With his election, Cognizant’s Board of Directors now consists of nine directors, seven of whom are independent under NASDAQ’s rules.
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