Temenos Announces Resignation of Mark Austen from its Board of Directors
09 January 2012
Geneva, Switzerland, 9th January 2012 – Temenos Group AG (SIX: TEMN), the market leading provider of core banking solutions, today announced the resignation of Mr Mark Austen as a member of the Board of Directors of Temenos Group AG with immediate effect.
Mark Austen has been a Temenos Non-Executive Director since May 2006 and the Temenos Board had previously announced that it would not seek his re-election at its upcoming AGM.
Andreas Andreades, Chairman of the Temenos Board of Directors, said, “I thank Mr Austen for his valuable service to the company over the last six years, during which time Temenos has enjoyed strong growth and business success, and I wish him all the best in his future endeavours.”
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About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic and microfinance & community banks. Headquartered in Geneva with more than 60 offices worldwide, Temenos serves over 1,500 customers in more than 125 countries across the world. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 700 implementations around the globe. Temenos customers are proven to be more profitable than their peers: data from The Banker – top 1000 banks shows that Temenos’ customers enjoy a 54% higher return on assets, a 62% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers.
For more information please visit www.temenos.com
Other Temenos contacts:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 22 708 14 82
Email: mchuard@temenos.com
Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: pshuttlewood@temenos.com
Sarah Bowman
Associate Director, Investor Relations
Tel: +1 646 472 8069
Mob: +1 646 752 5463
sbowman@temenos.com
Claire Barry
Hudson Sandler for Temenos
T +44 (0)20 7710 8940
Email: cbarry@hudsonsandler.com
Lucy Clark
Hudson Sandler for Temenos
T +44 (0)20 7710 8934
Email: lclark@hudsonsandler.com