Max Chuard, CEO of Temenos, the Switzerland-based fintech provider that owns Multifonds, is to step down after 20 years of service. A search to identify a new CEO is under way, with the board of directors considering both internal and external candidates. Andreas Andreades, executive chairman, will assume duties as acting CEO whilst a new leader is identified and will hand over responsibilities once a new CEO is in place.
In addition, after 24 years with Temenos, and following a two-year succession plan process to hand over chair responsibilities, Andreades has decided not to stand for re-election as executive chairman at the next AGM. The board of directors will propose Thibault de Tersant to be elected non-executive chairman of the board at the next AGM.