nCino Announces Appointment of Sean Desmond as President and Chief Executive Officer
nCino (NASDAQ: NCNO) has appointed Sean Desmond as its new President and Chief Executive Officer, effective immediately. Desmond, who joined nCino in 2013 and most recently served as Chief Product Officer, succeeds Pierre Naudé, who transitions to Executive Chairman of the Board.
The appointment follows a comprehensive Board-led succession planning process that evaluated both external and internal candidates. Desmond's experience includes scaling multinational organizations and driving product innovation through data and AI. During his tenure at nCino, he has managed approximately two-thirds of the company's employees in various roles, including Chief Customer Success Officer.
Chris Gufford, previously Executive Director and General Manager of nCino Commercial Banking, will succeed Desmond as Chief Product Officer. The company has also reaffirmed its guidance provided during the third quarter fiscal year 2025 earnings call on December 4, 2024.
nCino (NASDAQ: NCNO) ha nominato Sean Desmond come nuovo Presidente e Amministratore Delegato, con effetto immediato. Desmond, che è entrato in nCino nel 2013 e recentemente ha ricoperto il ruolo di Chief Product Officer, subentra a Pierre Naudé, che passa a essere Presidente del Consiglio di Amministrazione.
La nomina segue un processo di pianificazione della successione guidato dal Consiglio, che ha valutato candidati sia esterni che interni. L'esperienza di Desmond include la scalabilità di organizzazioni multinazionali e la promozione dell'innovazione di prodotto tramite dati e intelligenza artificiale. Durante il suo mandato in nCino, ha gestito circa due terzi dei dipendenti dell'azienda in vari ruoli, incluso quello di Chief Customer Success Officer.
Chris Gufford, precedentemente Direttore Esecutivo e Direttore Generale di nCino Commercial Banking, succederà a Desmond come Chief Product Officer. L'azienda ha anche ribadito la sua guida fornita durante la chiamata sugli utili del terzo trimestre dell'anno fiscale 2025, il 4 dicembre 2024.
nCino (NASDAQ: NCNO) ha nombrado a Sean Desmond como su nuevo Presidente y Director Ejecutivo, con efecto inmediato. Desmond, quien se unió a nCino en 2013 y ocupó recientemente el cargo de Chief Product Officer, reemplaza a Pierre Naudé, quien pasará a ser Presidente del Consejo.
El nombramiento sigue a un proceso integral de planificación de sucesión liderado por la Junta que evaluó tanto a candidatos externos como internos. La experiencia de Desmond incluye escalar organizaciones multinacionales y fomentar la innovación de productos a través de datos e inteligencia artificial. Durante su tiempo en nCino, ha gestionado aproximadamente dos tercios de los empleados de la empresa en varios roles, incluido el de Chief Customer Success Officer.
Chris Gufford, anteriormente Director Ejecutivo y Gerente General de nCino Commercial Banking, sucederá a Desmond como Chief Product Officer. La empresa también ha reafirmado sus orientaciones proporcionadas durante la llamada de resultados del tercer trimestre del año fiscal 2025, el 4 de diciembre de 2024.
nCino (NASDAQ: NCNO)는 Sean Desmond를 새로운 회장 겸 CEO로 즉시 임명했습니다. Desmond는 2013년에 nCino에 합류했으며 최근에는 최고 제품 책임자를 역임했으며, Pierre Naudé는 이사회의 회장으로 전환됩니다.
이번 임명은 이사회 주도의 포괄적인 승계 계획 프로세스를 따르며, 외부 및 내부 후보자를 모두 평가했습니다. Desmond의 경험에는 다국적 조직의 확장 및 데이터와 AI를 통한 제품 혁신 추진이 포함됩니다. nCino에서의 재직 기간 동안 그는 최고 고객 성공 책임자를 포함하여 회사 직원의 약 3분의 2를 다양한 역할에서 관리했습니다.
Chris Gufford는 이전에 nCino 상업은행의 전무이사 겸 총괄 관리자였으며, Desmond의 후임으로 최고 제품 책임자직을 맡게 됩니다. 회사는 또한 2024년 12월 4일 2025 회계연도 3분기 실적 발표에서 제공한 지침을 재확인했습니다.
nCino (NASDAQ: NCNO) a nommé Sean Desmond comme nouveau Président et Directeur Général, avec effet immédiat. Desmond, qui a rejoint nCino en 2013 et a récemment occupé le poste de Chief Product Officer, succède à Pierre Naudé, qui devient Président Exécutif du Conseil d'Administration.
Cette nomination fait suite à un processus complet de planification de succession dirigé par le Conseil, qui a évalué à la fois des candidats externes et internes. L'expérience de Desmond comprend la mise à l'échelle d'organisations multinationales et la promotion de l'innovation produit grâce aux données et à l'intelligence artificielle. Au cours de son mandat chez nCino, il a géré environ deux tiers des employés de l'entreprise dans divers rôles, y compris celui de Chief Customer Success Officer.
Chris Gufford, anciennement Directeur Exécutif et Directeur Général de nCino Commercial Banking, succédera à Desmond en tant que Chief Product Officer. L'entreprise a également réaffirmé ses prévisions fournies lors de l'appel de résultats du troisième trimestre de l'année fiscale 2025, le 4 décembre 2024.
nCino (NASDAQ: NCNO) hat Sean Desmond zum neuen Präsidenten und CEO ernannt, mit sofortiger Wirkung. Desmond, der 2013 zu nCino kam und zuletzt als Chief Product Officer tätig war, folgt auf Pierre Naudé, der zum Executive Chairman des Boards wechselt.
Die Ernennung folgt einem umfassenden, von der Unternehmensführung geleiteten Nachfolgeprozess, der sowohl externe als auch interne Kandidaten evaluiert hat. Desmonds Erfahrung umfasst das Skalieren multinationaler Unternehmen und die Förderung von Produktinnovationen durch Daten und KI. Während seiner Zeit bei nCino hat er etwa zwei Drittel der Mitarbeiter des Unternehmens in verschiedenen Rollen geleitet, einschließlich der Position des Chief Customer Success Officer.
Chris Gufford, zuvor Executive Director und General Manager von nCino Commercial Banking, wird Desmond als Chief Product Officer nachfolgen. Das Unternehmen hat außerdem seine Prognose, die während des Ergebnisausspruchs für das dritte Quartal des Geschäftsjahres 2025 am 4. Dezember 2024 gegeben wurde, bekräftigt.
- Seamless leadership transition with former CEO remaining as Executive Chairman
- New CEO brings extensive internal knowledge and experience in scaling multinational organizations
- Company reaffirms previous financial guidance, indicating stability during transition
- None.
Pierre Naudé Appointed Executive Chairman of the Board
WILMINGTON, N.C., Feb. 03, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced the appointment of Sean Desmond as President and Chief Executive Officer and as a member of the company’s Board of Directors, effective immediately. Desmond succeeds Pierre Naudé, who will continue to be actively involved in the Company as Executive Chairman of the Board to ensure a smooth transition.
“On behalf of the Board, we are pleased to have Sean lead nCino through its next phase of growth and innovation,” said Pamela Kilday, the Company's Lead Independent Director. “After a thoughtful Board-led succession planning process and robust search that thoroughly assessed a large and diverse pool of external and internal candidates, we are confident Sean is the right leader to guide nCino forward. His extensive knowledge of all key facets of our business, paired with his experience scaling large, multi-national organizations, and forward-thinking approach to product innovation through data and AI, will help nCino capture new market opportunities and drive meaningful growth.”
“It’s a privilege to be the next President and CEO of nCino,” said Sean Desmond. “nCino is an extraordinary company with best-in-class solutions, a culture of excellence, and a very happy and engaged customer base. This combination of attributes positions us for meaningful growth on a global scale. I’m incredibly honored to work with all the teams to deliver data-driven experiences through our intelligent platform that drive improved outcomes for our customers, and to provide long-term value for our investors.”
Desmond added “My focus will be on mobilizing the company to meet the moment – which is to deliver the power of the only platform that stands on the foundation of the richest dataset in fintech, with embedded AI capabilities, to stay true to our mission of transforming financial services through innovation, reputation and speed.”
“I am proud of what we have accomplished at nCino over the past 13 years, and it has been a privilege to guide that journey,” said Pierre Naudé. “I’ve seen firsthand how Sean’s leadership and experience has contributed to nCino’s growth and success; he cares deeply about making customers successful and in the Company’s ability to deliver market-leading innovation. Sean’s vision for an AI and data-enabled platform with intelligence everywhere, along with his strong appreciation for customers, partners, and employees, sets a clear and exciting path as nCino continues to lead and evolve in a rapidly changing financial services industry. I am confident he is the right person to guide nCino forward, and I'm excited about this new era for the Company.”
Desmond joined nCino in 2013 initially as Chief Customer Success Officer, ensuring the successful delivery and implementation of the nCino Platform to financial institutions around the world. His remit at the Company progressively expanded, and he most recently served as nCino's Chief Product Officer, overseeing the Product Development & Engineering organization globally. In these roles, he managed approximately two-thirds of the company's employees.
Succeeding Desmond as Chief Product Officer is Chris Gufford, who has been the Executive Director and General Manager of nCino Commercial Banking since 2021.
Guidance Update
nCino also announced today that, while it has not completed closing the books on the fourth quarter and fiscal year 2025, it reaffirms the guidance provided on its third quarter fiscal year 2025 earnings call on December 4, 2024.
About nCino
nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 1,800 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino has developed a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com.
Media Contacts
Natalia Moose
press@ncino.com
Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, future operating results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC's web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/031df7a5-80b6-4247-851b-5948c3810ce9
FAQ
Who is the new CEO of nCino (NCNO) and when was he appointed?
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What role will former nCino (NCNO) CEO Pierre Naudé take?
Has nCino (NCNO) changed its financial guidance following the CEO appointment?
Who is replacing Sean Desmond as nCino's (NCNO) Chief Product Officer?
