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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Temenos tumbles on sudden CEO departure

Fri 05 Sep 2025 12:43

(Sharecast News) - Temenos tumbled on Friday after the Swiss banking technology firm announced late on Thursday that chief executive Jean-Pierre Brulard was stepping down with immediate effect. Chief financial officer Takis Spiliopoulos has been appointed interim CEO while the search for a permanent successor is underway.

Chair of the board Thibault de Tersant said: "On behalf of the board, I want to thank Jean-Pierre for his leadership during a period of strategic transformation. Jean-Pierre has positioned the company for long-term success, simplifying our global product and technology organisation, aligning our product portfolio with our strategic priorities and increasing our US presence.

"While we will be moving to new leadership to execute the next phase of the strategic plan, and have started the corresponding search, the board has full confidence in Takis' ability to lead the company during this transition period."

Temenos also reaffirmed its guidance for FY25, which was raised at the second-quarter results in July.

At 1240 BST, the shares were down 14.4% at CHF60.50.

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