Temenos Group AG (SIX: TEMN), the market leading provider of core banking solutions, today announced proposed changes to its Board of Directors.
Temenos' Board of Directors decided to nominate three new directors for election to the Board of Directors at its next Annual General Meeting of Shareholders (AGM). The new candidates are Mr. Ian Robert Cookson, Mr. Thibault de Tersant and Mr. Sergio Giacoletto-Roggio.
Temenos' Board of Directors also decided that it will not be seeking the re election of Mr. Mark Austen and Mr. Lewis Polk Rutherfurd, currently members of the Board, at the next AGM in 2012.
Andreas Andreades, Chairman of the Temenos Board of Directors, said "Messrs Cookson, de Tersant and Giacoletto-Roggio, have outstanding skills and significant experience that will strongly contribute to the ability of the Temenos Board of Directors to support our future strategic and business objectives. Each will provide insight and expertise that will prove valuable for Temenos shareholders, customers and employees. I look forward to working with the board and management team of Temenos as we continue to pursue exciting opportunities in the core banking software market."
"I would also like to thank our departing directors, Mr. Austen and Mr. Rutherfurd for their valuable contributions to Temenos over the past few years. Lewis Rutherfurd has served on the Board since the inception of Temenos as a start-up and Mark Austen has served on the Board for the last 6 years during which Temenos has achieved tremendous growth and business success", concluded Andreades.
About Ian Robert Cookson
Ian Cookson has been active in the Financial Services sector for over 30 years and has built one of the most efficient IT operations in Private Banking worldwide. He is currently a member of a number of Boards of Directors in the EFG Group and provides consulting services to EFG notably in the area of Executive Remuneration and the implementation of the various regulatory directives concerning remuneration around the world.
Chief Operating Officer of EFG International and a member of the Executive Committee until September 2007, he was previously a member of the Executive Committee of EFG Bank (since 2002). Prior to this, Mr. Cookson was the Deputy Chief Executive Officer of EFG Bank (1997-2002), Chief Operating Officer of Banque de Dépôts, Geneva (1991-1997) and the Head of Management Services of CBI-TDB Union Bancaire Privée (1986-1991).
About Thibault de Tersant
Thibault de Tersant is a member of the Board of Dassault Systèmes and has been executive vice president and CFO of the company since 1988 and Senior EVP since 2006.
During his tenure in Dassault Systèmes, Mr de Tersant, has conducted more than 20 successful acquisitions totalling around $3 billion over the last ten years. He oversaw Dassault Systèmes' successful initial public offering on the Paris and Nasdaq stock exchanges in 1996, as well as a secondary offering in 1997. Mr. de Tersant has more than 23 years of experience in the software industry. Recipient of France's prestigious "Chief Financial Officer of the Year" award in 2002, Thibault de Tersant is a graduate of the ESSEC Business School and of the Institut d'Etudes Politiques de Paris.
About Sergio Giacoletto-Roggio
Sergio Giacoletto-Roggio serves as an Independent Director on various boards of directors. His portfolio of positions includes: Chairman of Telepo AB, Senior Independent Director at Logica plc, Non-Executive Director at CSR plc, Non-Executive Director at COLT Group SA and Operating Partner with Advent International.
In December 2008, Mr. Giacoletto-Roggio retired from Oracle Corporation where he had been a Company Officer and Executive Vice President for Europe, Middle East and Africa since 2000. Prior to joining Oracle in 1997, Mr. Giacoletto-Roggio was President, Value Added Services for Europe at AT&T. Earlier in his career, Mr Giacoletto-Roggio spent 20 years with Digital Equipment Corporation in various senior management and executive roles in services, sales, marketing and information management. Sergio Giacoletto-Roggio would bring to Temenos his wide experience serving on multiple company boards and in IT industry associations.
Mr. Giacoletto-Roggio holds a Master Degree in Computer Science from the University of Turin, Italy.