Bangalore: Cognizant Technology Solutions Corp. chief executive officer (CEO) Francisco D’Souza has been named as a director on the board of General Electric Co. (GE), the first such appointment for the CEO of a major software exports firm.
D’Souza will be an independent director under New York Stock Exchange listing standards, and his appointment brings the number of directors on GE’s board to 19, GE said in a statement.
“I’m honoured to join the board of GE—a company that has been an icon of innovation and management since it was founded. I look forward to working with Jeff Immelt and the rest of the GE board,” D’Souza said in a statement.
D’Souza is one of the founders of software exporter Cognizant and has been at the helm of the company since 2007.
“Frank D’Souza brings great perspective as a leader and (is) a pioneer in services and software,” said GE chairman and CEO Immelt. “Our focus on helping customers achieve greater productivity through GE technologies makes his views all the more valuable for our company. I am pleased to welcome Frank to our board.”
Earlier this month, Teaneck, New Jersey-based and Nasdaq-listed Cognizant, which traces its origins to Chennai and has most of its workers in India, posted better-than-expected results on a strong show from Europe and forecast revenue growth of 17% for 2013. That forecast was ahead of Indian industry lobby Nasscom’s forecast of 12-14% growth for the country’s $70-billion software exports sector for the 2013-14 fiscal year.