Temenos Names New CEO, Says Sales Hit by Short Seller Report (2)

Temenos AG, the financial software company targeted by a short seller report earlier this year, announced its new chief executive officer after repeated activist calls to replace interim CEO Andreas Andreades.

Jean-Pierre Brulard, 65, will take over May 1, the company said in a statement on Tuesday. He spent 14 years at cloud computing company VMWare before its sale to Broadcom Inc. in 2023. Andreades will retire from Temenos after 25 years at the company.

Despite the CEO announcement, lower-than-expected revenue for the first quarter and a guidance cut for the key subscription-as-a-service segment weighed on ...