Cognizant names Siegmund to CFO, succeeds McLoughlin

Cognizant Technology Solutions Corp., a Teaneck-based professional services company, announced on Thursday that Jan Siegmund has been named chief financial officer, effective Sept. 1.

Prior to the appointment, Siegmund most recently served as CFO at ADP. He is succeeding Karen McLoughlin, who is continuing in the CFO role until Aug. 31 and will remain in an advisory role until Dec. 31.

“Jan is an accomplished executive with a wealth of experience in finance, strategy and general management,” Brian Humphries, CEO, Cognizant, said. “He has the right set of leadership attributes and industry experience to help drive the continued execution of our strategic growth plan. We look forward to welcoming him to the team on September 1. Karen has been an outstanding CFO and business partner, and has also been an invaluable resource for me during my first year with the company. We are not only thankful for her significant contributions over her tenure, but also for her commitment to ensuring a smooth CFO transition. On behalf of everyone at Cognizant, I wish Karen the very best in her next endeavors.”

Siegmund held a variety of leadership roles during his 20 years at ADP, most recently as corporate vice president and CFO from 2012 to 2019. Before that, he was the chief strategy officer and president of ADP’s Added Value Services Division. He began his career at McKinsey & Co.

“I am excited to join Cognizant during this important chapter in the company’s history,” Siegmund said.  “Cognizant has a compelling global platform and is well positioned to capture a growing industry opportunity as companies shift to digital business models.  I look forward to working with Brian and the rest of the Cognizant team to help our clients achieve their goals and create value for all our stakeholders.”