Temenos Proposes Nomination of New Board Member

Press Releases, February 17, 2021

Temenos – Company

GENEVA, Switzerland, February 17 2021 – Temenos (SIX: TEMN), the banking software company, today announced it will seek the election of James (Jim) Benson to its Board of Directors at the time of its AGM in May 2021, as a Non-Executive and Independent Director.

Based in Massachusetts, Jim Benson has over 30 years’ experience in building, scaling and leading finance teams in global technology companies with significant operating scale and complexity. Most recently, he spent over a decade as Executive Vice President and CFO of Akamai Technologies, the Nasdaq-listed $2.7bn cloud services and cybersecurity leader. During his tenure, revenues tripled, stock price appreciated by 360% and market cap rose over $12 b. Prior to joining Akamai, Jim spent 20 years at Hewlett Packard in a variety of senior finance leadership roles. This included Vice President, Finance/Operations and CFO for HP’s Americas Technology Solutions Group, a $14bn P&L entity encompassing the enterprise server, storage, software and services businesses. Before this, he spent four years at the Compaq Computer Corporation and 10 years at Digital Equipment Corporation. Both these companies have since merged with Hewlett Packard. Jim served on the Board of Directors for the Akamai Foundation (stepping down upon retirement).

Commenting on the nomination, Andreas Andreades, Executive Chairman of Temenos, said:

Jim has significant experience enabling public software technology companies to grow and scale their businesses worldwide. He also has deep expertise in the North American market. Jim’s career reflects a passion and demonstrated track record of excellence in finance, leading successful large-scale transformation initiatives, optimizing financial and operational management processes in diverse, complex, global business environments, and executing M&A transitions across the deal lifecycle in domestic and global markets. He brings extensive financial expertise, capital markets, corporate governance and risk management experience as a public company Chief Financial Officer. All of this will be of great benefit to Temenos management and the Board of Directors, including our Audit Committee. We are delighted to be able to propose such a strong candidate to join our Board of Directors.