Temenos Appoints CFO as Interim CEO After Brulard Exit

Temenos has appointed Chief Financial Officer Takis Spiliopoulos as interim chief executive after Jean-Pierre Brulard stepped down from the role with immediate effect. The Swiss banking technology company announced the leadership change on 4 September, stating that its board of directors had initiated a search for a permanent successor.

The transition comes after Jean-Pierre served 16 months as chief executive of the SIX-listed firm. Chair of the Board Thibault de Tersant says the departing executive positioned the company for long-term success during his tenure.

“On behalf of the Board, I want to thank Jean-Pierre for his leadership during a period of strategic transformation,” Thibault says. “Jean-Pierre has positioned the company for long-term success, simplifying our global product and technology organisation, aligning our product portfolio with our strategic priorities and increasing our US presence.”

Takis Spiliopoulos takes dual CFO and interim CEO roles

Takis will maintain his existing responsibilities as chief financial officer whilst serving in the interim chief executive position. The dual role arrangement will continue until Temenos completes its search for a permanent replacement, with the board having engaged an executive search firm to identify candidates.

The interim chief executive says the company maintains a clear strategic direction despite the leadership change. Takis emphasises that organisational priorities remain unchanged during the transition period.

“I look forward to leading Temenos as Interim CEO and Chief Financial Officer, working closely with the Board and management team to ensure continuity and focus,” Takis says. “We have a clear, well defined strategy in place and our priorities remain unchanged. We remain focused on delivering value to our clients, driving innovation and ensuring consistent execution to drive our growth.”

Temenos maintains FY25 guidance and FY28 targets

The banking technology provider has reconfirmed its financial guidance for the current fiscal year, which the company raised during its second-quarter results announcement in July. Temenos also maintains its previously stated targets for fiscal year 2028, signalling confidence in its strategic trajectory despite the chief executive transition.

The company’s decision to maintain financial projections suggests the leadership change will not impact near-term operational plans or longer-term strategic objectives. The reconfirmation of guidance typically indicates that underlying business fundamentals remain stable during periods of executive transition.

Thibault indicates the board expects to move to new leadership to execute the next phase of the company’s strategic plan. The chair expresses confidence in the interim arrangements whilst the search process continues.

“While we will be moving to new leadership to execute the next phase of the strategic plan, and have started the corresponding search, the Board has full confidence in Takis’ ability to lead the company during this transition period,” he says.

Former CEO Jean-Pierre Brulard reflects on 16-month tenure

Jean-Pierre Brulard’s departure concludes a relatively brief tenure that began in May 2024. During his time as chief executive, the company underwent what the board describes as strategic transformation, including organisational restructuring and portfolio alignment initiatives.

The outgoing chief executive acknowledges achievements during his time leading the banking technology firm whilst expressing gratitude to stakeholders. 

“I am proud of everything achieved since I joined, much was accomplished during the 16 months of my tenure,” Jean-Pierre says. “I would like to thank everyone at Temenos, its customers and partners for their confidence. I wish all the best to the company.”