Banking software company Temenos announced that Max Chuard has decided to step down from his role as CEO and the search for a new CEO is under way.
Chuard will remain in an advisory capacity to ensure a smooth transition.
The company said in a statement that its board of directors is considering both internal and external candidates and the position is expected to be filled at the latest by the end of 2023.
Andreas Andreades, Executive Chairman, will assume duties as acting CEO in the meantime.
Max Chuard, Chief Executive Officer, Temenos said,
“Throughout my roles, including CFO, COO and finally CEO, I have seen the company grow from strength to strength, and we have made excellent progress against our strategic initiatives and our SaaS transition under my leadership over the last four years.
I have made it a priority to establish a strong senior management team during my tenure as CEO, and after more than 20 years with Temenos, this is now the natural time for me to step down to allow the next level of leaders to take the company forward in its next stage of growth.”
Andreas Andreades, Executive Chairman said,
“It is time for Temenos to set a course for the future with the next generation of leadership.
We thank Max for the leadership, passion and dedication that he has brought to Temenos over the last two decades.”