Temenos announces Chief Executive Officer appointment of Jean-Pierre Brulard
Ad hoc announcement pursuant to Art. 53 LR
GENEVA, Switzerland, April 23, 2024, — Temenos AG (SIX: TEMN), the banking software company, is pleased to announce the appointment of Jean-Pierre Brulard as Chief Executive Officer (“CEO”) of the Company, effective on May 1, 2024. Andreas Andreades will retire from Temenos after 25 years of dedicated service, including 11 years as Executive Chairman and, since January 2023, taking on the role of CEO during the Board’s extended search for a replacement.
Mr. Brulard has a strong global track record in sales and commercial leadership with software, infrastructure and technology companies. He has spent the last fourteen years at VMWare, a $61bn US listed Cloud Computing and Virtualization Software Company, before its sale to Broadcom in 2023. He was Executive Vice President (“EVP”), Worldwide Sales and a member of the Executive Committee and oversaw strategic planning, business operations, go-to-market strategy, and management of VMware’s revenue globally. He successfully drove VMWare’s business transformation and has extensive experience of the financial services sector.
Prior to VMware, Mr. Brulard was Senior Vice President and General Manager, EMEA at Business Objects (the European software company acquired by SAP), from 2000-2008. Jean-Pierre also previously held roles at Sun Microsystems and IBM. He has served as Board member of TalentSoft in France.
Remuneration arrangements around the appointment will be disclosed in due course and Mr. Brulard will be located in Switzerland.
Commenting on the appointment, Thibault de Tersant, Non-Executive Chairman of the Board, said:
“The Board is delighted to appoint Jean-Pierre Brulard as CEO. He brings significant commercial and sales expertise in our key markets. He is a proven leader of large, global, high growth organizations, has extensive operational and strategic planning expertise, and an excellent understanding of our clients’ SaaS transformation requirements, through working with some of the world’s largest banks. His management of the migration of the VMWare business model to subscription and SaaS whilst delivering ARR and revenue growth was a critical factor in his appointment.
I would like to thank Andreas Andreades for taking the CEO role during the extended search period. Temenos delivered a strong performance in 2023 and I am grateful for the efforts and contribution of Andreas to make it happen. His commitment, passion and determination have been critical in building Temenos into a global leader in banking software.”
Jean-Pierre Brulard, CEO Designate at Temenos said:
“I am excited to be appointed as CEO to lead the next phase of growth for Temenos. The financial services industry is going through a period of significant technological transformation and with the quality and breadth of solutions, Temenos is perfectly positioned to work with clients to lead this strategic change. I am looking forward to working with our teams to deliver value for our clients and all our stakeholders worldwide.”
Andreas Andreades, retiring CEO at Temenos said:
“It has been a great privilege to build and lead Temenos over the years through its evolution into a leading global software provider and to work with all of our people and deliver for our customers. The excellence of the team, the product and the outstanding client references are fundamental to its success and will position the business for an exciting future under the new leadership of Jean-Pierre Brulard as CEO.”
Investor & Media Contacts
Investors
Adam Snyder
Head of Investor Relations, Temenos
Email: [email protected]
+44 207 423 3945International media
Conor McClafferty
FGS Global on belhalf of Temenos
[email protected]
+44 7920 087 914Swiss media
Martin Meier-Pfister
IRF on belhalf of Temenos
[email protected]
+41 43 244 81 40