Temenos AG announce the appointment of Jean-Pierre Brulard as Chief Executive Officer ('CEO') of the Company, effective on May 1, 2024. Andreas Andreades will retire from Temenos after 25 years of dedicated service, including 11 years as Executive Chairman and, since January 2023, taking on the role of CEO during the Board's extended search for a replacement. Mr. Brulard has a strong global track record in sales and commercial leadership with software, infrastructure and technology companies.

He has spent the last fourteen years at VMWare, a $61 billion US listed Cloud Computing and Virtualization Software Company, before its sale to Broadcom in 2023. He was Executive Vice President ('EVP'), Worldwide Sales and a member of the Executive Committee and oversaw strategic planning, business operations, go-to-market strategy, and management of VMware's revenue globally. He successfully drove VMWare's business transformation and has extensive experience of the financial services sector.

Prior to VMware, Mr. Brulard was Senior Vice President and General Manager, EMEA at Business Objects (the European software company acquired by SAP), from 2000-2008. Jean-Pierre also previously held roles at Sun Microsystems and IBM. He has served as Board member of TalentSoft in France.

Remuneration arrangements around the appointment will be disclosed in due course and Mr. Brulard will be located in Switzerland.