After parting ways with its chief revenue officer last week, the banking software provider announced the head of its Americas business is also headed out the door.
After posting disappointing results last week, Geneva-based Temenos announced the departure of its chief revenue officer (CRO) Erich Gerber, who also served on the board. Last night it announced that the head of its operations in the Americas was departing as well, according to a statement. Both leave the business with immediate effect.
Another Departure
«We had a disappointing quarter, with significantly lower subscription revenue than expected. Sales cycles lengthened on a number of deals, with banks delaying decisions due to the worsening macro environment. We also had some sales execution issues. We have conducted a thorough review of our pipeline and de-risked our guidance. We have also made leadership changes, with the departure of both the chief revenue officer and president of the Americas, and the appointment of two of our most senior executives to run our US business,» CEO Max Chuard said.
US Operations
The president of the Americas and management board member Roman Bartik only took up the position in May of this year, and like Gerber, was exited from the firm after a short stint.
Responsibility for US operations and sales will be taken over by Colin Jarrett and Philip Barnett, two long-tenured members of Temenos management, the company said.
