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Agilysys Taps Hospitality Veteran Joe Youssef as SVP, Sales & Chief Commercial Officer

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Agilysys (Nasdaq: AGYS) has appointed Joe Youssef as Senior Vice President, Sales, Americas and EMEA and Chief Commercial Officer, effective August 19, 2024. Youssef, a veteran with 18 years at Amadeus, replaces Don DeMarinis, who is retiring after six years with the company. Under DeMarinis' leadership, Agilysys' annual revenue grew from $127.4 million in FY2018 to $237.5 million in FY2024, with record growth for 10 consecutive quarters.

Youssef's extensive experience includes leadership roles in various markets and solution verticals at Amadeus, where he drove double-digit growth and deep customer engagement. Agilysys CEO Ramesh Srinivasan expressed confidence in Youssef's ability to help the company achieve its next level of business performance, citing his proven leadership skills and insights on accelerating market adoption of hospitality innovations.

Agilysys (Nasdaq: AGYS) ha nominato Joe Youssef come Vicepresidente Senior, Vendite, Americhe e EMEA e Direttore Commerciale, a partire dal 19 agosto 2024. Youssef, un veterano con 18 anni di esperienza in Amadeus, sostituisce Don DeMarinis, che si ritira dopo sei anni con l'azienda. Sotto la guida di DeMarinis, il fatturato annuale di Agilysys è passato da 127,4 milioni di dollari nell'anno fiscale 2018 a 237,5 milioni di dollari nell'anno fiscale 2024, con una crescita record per 10 trimestri consecutivi.

L'ampia esperienza di Youssef comprende ruoli di leadership in vari mercati e settori di soluzioni in Amadeus, dove ha guidato una crescita a doppia cifra e un forte coinvolgimento dei clienti. Il CEO di Agilysys Ramesh Srinivasan ha espresso fiducia nella capacità di Youssef di aiutare l'azienda a raggiungere un nuovo livello di prestazioni aziendali, citando le sue comprovate capacità di leadership e intuizioni sulle innovazioni nel settore dell'ospitalità.

Agilysys (Nasdaq: AGYS) ha nombrado a Joe Youssef como Vicepresidente Senior de Ventas, Américas y EMEA y Director Comercial, a partir del 19 de agosto de 2024. Youssef, un veterano con 18 años en Amadeus, sustituye a Don DeMarinis, quien se retira después de seis años en la empresa. Bajo el liderazgo de DeMarinis, los ingresos anuales de Agilysys crecieron de 127.4 millones de dólares en el año fiscal 2018 a 237.5 millones de dólares en el año fiscal 2024, con un crecimiento récord durante 10 trimestres consecutivos.

La amplia experiencia de Youssef incluye roles de liderazgo en varios mercados y verticales de soluciones en Amadeus, donde impulsó un crecimiento de dos dígitos y un profundo compromiso del cliente. El CEO de Agilysys Ramesh Srinivasan expresó su confianza en la capacidad de Youssef para ayudar a la empresa a alcanzar su próximo nivel de rendimiento comercial, citando sus probadas habilidades de liderazgo e información sobre la aceleración de la adopción de innovaciones en el sector de la hospitalidad.

Agilysys (Nasdaq: AGYS)는 Joe Youssef를 아메리카 및 EMEA 영업 부문 수석 부사장 및 최고 상업 책임자로 임명했다고 발표했습니다. 임기는 2024년 8월 19일부터 시작됩니다. Youssef는 Amadeus에서 18년의 경력을 가진 베테랑으로, 6년 동안 회사를 이끌었던 Don DeMarinis를 교체합니다. DeMarinis의 리더십 하에 Agilysys의 연간 매출은 2018 회계연도 1억2740만 달러에서 2024 회계연도 2억3750만 달러로 증가했으며, 10분기 연속 기록적인 성장을 이루었습니다.

Youssef의 폭넓은 경험은 Amadeus에서 다양한 시장과 솔루션 분야의 리더십 역할을 포함하며, 이곳에서 그는 두 자릿수 성장과 심층적인 고객 참여를 이끌었습니다. Agilysys CEO Ramesh Srinivasan은 Youssef가 회사가 비즈니스 성과의 다음 단계에 도달하는 데 도움을 줄 수 있을 것이라고 확신하며, 그의 검증된 리더십 능력과 호스피탈리티 혁신의 시장 채택을 가속화하는 통찰력을 강조했습니다.

Agilysys (Nasdaq: AGYS) a nommé Joe Youssef au poste de Vice-Président Senior, Ventes, Amériques et EMEA et Directeur Commercial, à compter du 19 août 2024. Youssef, un vétéran avec 18 ans d'expérience chez Amadeus, remplace Don DeMarinis, qui prend sa retraite après six ans au sein de l'entreprise. Sous la direction de DeMarinis, le chiffre d'affaires annuel d'Agilysys est passé de 127,4 millions de dollars en exercice 2018 à 237,5 millions de dollars en exercice 2024, avec une croissance record pendant 10 trimestres consécutifs.

Youssef possède une vaste expérience, ayant occupé des postes de direction dans divers marchés et secteurs de solutions chez Amadeus, où il a stimulé une croissance à deux chiffres et un engagement client fort. Le PDG d'Agilysys, Ramesh Srinivasan, a exprimé sa confiance dans la capacité de Youssef à aider l'entreprise à atteindre le prochain niveau de performance commerciale, citant ses compétences en leadership éprouvées et ses perspectives sur l'accélération de l'adoption des innovations en matière d'hospitalité.

Agilysys (Nasdaq: AGYS) hat Joe Youssef zum Senior Vice President, Sales, Americas und EMEA sowie Chief Commercial Officer ernannt, mit Wirkung zum 19. August 2024. Youssef, ein Veteran mit 18 Jahren bei Amadeus, ersetzt Don DeMarinis, der nach sechs Jahren im Unternehmen in den Ruhestand geht. Unter DeMarinis' Führung wuchsen die jährlichen Einnahmen von Agilysys von 127,4 Millionen Dollar im Geschäftsjahr 2018 auf 237,5 Millionen Dollar im Geschäftsjahr 2024, mit rekordverdächtigem Wachstum über 10 aufeinanderfolgende Quartale.

Youssefs umfangreiche Erfahrung umfasst Führungsrollen in verschiedenen Märkten und Lösungsbereichen bei Amadeus, wo er zweistelliges Wachstum und eine tiefe Kundenbindung vorantreiben konnte. Agilysys-CEO Ramesh Srinivasan äußerte Vertrauen in Youssefs Fähigkeit, dem Unternehmen zu helfen, die nächste Stufe der Unternehmensleistung zu erreichen, und betonte seine nachgewiesenen Führungsqualitäten sowie seine Einsichten zur Beschleunigung der Marktakzeptanz von Innovationen in der Gastronomie.

Positive
  • Appointment of experienced industry veteran Joe Youssef as SVP, Sales and Chief Commercial Officer
  • Annual revenue growth from $127.4 million in FY2018 to $237.5 million in FY2024
  • Record revenue growth for 10 consecutive quarters
  • Successful transition from perpetual license software to cloud-based subscription model
Negative
  • None.

-- Former Amadeus executive to fill position vacated as Don DeMarinis retires --

ALPHARETTA, Ga.--(BUSINESS WIRE)-- Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of hospitality software solutions and services, today announced Joe Youssef – who has led multiple functions, solution verticals and regional markets during his 18-year career at global travel and tourism technology innovator Amadeus – will join the Company as Senior Vice President, Sales, Americas and EMEA and Chief Commercial Officer.

Joe Youssef Agilysys Senior Vice President, Sales, Americas and EMEA and Chief Commercial Officer (Photo: Business Wire)

Joe Youssef Agilysys Senior Vice President, Sales, Americas and EMEA and Chief Commercial Officer (Photo: Business Wire)

Joe Youssef’s extensive career in the travel and hospitality industry has established him as a visionary executive and a key market influencer for pioneering technology. Mr. Youssef joined Amadeus in 2006 as Managing Director for Egypt, shaping strategies that enabled Amadeus to become the market leader there in less than two years. In Dubai, he executed growth strategies that established Amadeus as a market leader in the Middle East and North Africa. After moving to Amadeus’ Hospitality Division in 2013, Mr. Youssef played a critical role in defining and executing the Company’s inorganic growth strategy. He also led Amadeus’ Business Intelligence (BI) solution vertical, solidifying the Company’s position as the hospitality industry’s most respected BI player. In his most recent role as Executive Vice President, Sales, he created a highly effective sales structure that drove double-digit growth and deep customer engagement. Earlier in his hospitality and travel career, Mr. Youssef held management positions at Kanoo Travel and American Express Travel Services.

Mr. Youssef is stepping into the executive role held by Don DeMarinis since January 2018.

Agilysys President and CEO Ramesh Srinivasan commented, “For six-plus years Don DeMarinis has served an instrumental role as part of the management team that has taken Agilysys annual revenue from $127.4 million in FY2018 to $237.5 million during FY2024 ending March 2024. Under Don’s leadership, Agilysys has delivered record revenue growth for the past 10 consecutive quarters.”

Mr. Srinivasan continued, “Impressively, this growth was achieved against the backdrop of quite challenging circumstances: Navigating customer relationships and prospect sales cycles as we re-engineered and created ground-up more than 30 hospitality core and new add-on software solutions to be cloud-native and world-class; managing through a global pandemic that meaningfully impacted the hospitality industry, on which Agilysys is solely focused; and evolving our business model from selling primarily perpetual license software to one driving growth through cloud-based subscription software revenue.

“Throughout every step of our enormous progress during the past years, we have benefitted from Don’s steadfast commitment to our customers, internal teams and business. The knowledge and skills he gained over 30 years leading high-performing teams in hospitality, including at multi-billion-dollar global brands such as Oracle, have been invaluable to our business. We will miss his leadership and his friendship, even as we welcome another impressive senior hospitality executive, Joe Youssef, to our team in Don’s role. We wish Don great health and happiness in his retirement and the best of everything in all his future endeavors,” Mr. Srinivasan concluded.

Mr. Youssef will officially begin his tenure at Agilysys on August 19, 2024.

Mr. Srinivasan commented, “The variety of leadership skills and experiences achieving hospitality market successes across the globe that have highlighted Joe’s extraordinary career thus far will play a big role in helping Agilysys achieve the next level of business performance. His proven ability to establish impactful relationships with customers, his ability to lead dynamic sales teams and his insights on accelerating market adoption of hospitality innovations align perfectly with our goals. Joe has been a disciplined growth leader all through his career and is the perfect leader joining Agilysys at the perfect time. We are thrilled to welcome Joe Youssef to our leadership team.”

Mr. Youssef said, “Being instrumental in helping a technology innovator such as Agilysys reach its next level of performance is highly appealing. Throughout my career I have been most proud of the teams I have built and coached, the solution innovations I have helped establish as market leaders in hospitality and the supportive cultures I have helped to shape. This role at Agilysys presents each of these development opportunities and more.”

About Agilysys

Agilysys exclusively delivers state-of-the-art software solutions and services that help organizations achieve High Return Hospitality™ by maximizing Return on Experience (ROE) through interactions that make ‘personal’ profitable. Customers around the world use Agilysys Property Management Systems (PMS), Point-of-Sale (POS) solutions, Food & Beverage Inventory and Procurement (I&P) systems and accompanying hospitality ecosystem solutions to consistently delight guests, retain staff and grow margins. The Agilysys 100% hospitality customer base includes branded and independent hotels; multi-amenity resorts; casinos; property, hotel and resort management companies; cruise lines; corporate dining providers; higher education campus dining providers; food service management companies; hospitals; lifestyle communities; senior living facilities; stadiums; and theme parks. www.agilysys.com

Media Contacts: Americas: Jen Reeves, 770-810-6007, jennifer.reeves@agilysys.com

Rest of World: Alan Edwards, +44 7795 226163 alan.edwards@agilysys.com

Investor Contact: Jessica Hennessy, Agilysys, Inc., 770-810-6116 jessica.hennessy@agilysys.com or investorrelations@agilysys.com

Source: Agilysys, Inc.

FAQ

Who is the new SVP, Sales and Chief Commercial Officer of Agilysys (AGYS)?

Joe Youssef, a former Amadeus executive with 18 years of experience, has been appointed as the new Senior Vice President, Sales, Americas and EMEA and Chief Commercial Officer of Agilysys (AGYS), effective August 19, 2024.

What was Agilysys' (AGYS) revenue growth from FY2018 to FY2024?

Agilysys (AGYS) reported annual revenue growth from $127.4 million in FY2018 to $237.5 million in FY2024, with record revenue growth for 10 consecutive quarters.

When will Joe Youssef start his new role at Agilysys (AGYS)?

Joe Youssef will officially begin his tenure at Agilysys (AGYS) on August 19, 2024.

Who is Joe Youssef replacing at Agilysys (AGYS)?

Joe Youssef is replacing Don DeMarinis, who is retiring after serving as SVP, Sales at Agilysys (AGYS) since January 2018.

Agilysys, Inc.

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