Temenos Strengthens Management Structure

GENEVA, Switzerland, 4 December 2015 – Temenos Group AG (SIX: TEMN), the market leading provider of mission-critical software to financial institutions globally, today announces that it has strengthened its management structure by appointing Max Chuard as Chief Operating Officer.

Press Releases, December 4, 2015

Temenos – Company

As Chief Operating Officer, Mr. Chuard will oversee all aspects of client delivery including on-premise implementations, Software as a Service (SaaS) and the partner programme. Mr. Chuard assumes these responsibilities in addition to his role as the group’s Chief Financial Officer. The appointment is effective immediately.

The move will serve to strengthen the group’s operations in response to fast growth, at the same time as allowing CEO David Arnott to focus on sales, strategy and business development, in particular growing Temenos’ presence in the US market, which represents a key strategic priority for the group.

Commenting on the announcement, Temenos CEO David Arnott said:

“Max Chuard has been with the company for more than 13 years, during which time he has progressively taken on additional responsibilities across corporate development, investor relations, finance and, most recently, overseeing the acquisition and integration of the Multifonds business. As CFO, Max has been critical to supporting the growth of the company, building a strong team, as well as automating and strengthening processes across the group. It is a natural next step for Max to move deeper into group operations and I am certain that the move will bring significant benefits to both our clients and to our business, helping it to scale as we continue to grow strongly.”

About Max Chuard

Max Chuard has served as Chief Executive Officer of Temenos since 2019 and is responsible for the company’s strategic direction and growth. Max Chuard brings more than 20 years of technology and global leadership expertise to the company. Max Chuard has been recognised as the number 1 SaaS CEO in both 2020 and 2021 – reflecting Temenos’ leadership position in cloud and SaaS technology. Max Chuard has been instrumental in positioning Temenos as the world’s leading open platform for composable banking and driving the next generation of cloud and AI based solutions. Max Chuard chairs the company’s Global CSR & Ethics Committee and is a strong advocate for CSR, diversity, green cloud in the race for net zero and the positive and sustainable impact business can have in society and in the environment overall.