nCino Announces Executive Leadership Team Promotions to Further Global Growth Initiatives

Rhea-AI Summary

nCino has announced several key executive promotions to enhance its leadership team, aiming to support ongoing growth. Josh Glover has been promoted to President and Chief Revenue Officer, achieving $204 million in revenue for FY2021, a 48% increase. Greg Orenstein takes on the role of Chief Corporate Development & Strategy Officer, while Trisha Price is named Chief Innovation Officer. Additional promotions include Josh Marcy as Executive VP, Product Management; Dory Weiss as Executive VP, Engineering; and April Rieger as Executive VP, General Counsel & Secretary. These changes reflect the company’s strategic growth plans.

Positive

• Josh Glover's promotion signifies strong leadership; he drove $204 million in revenue, a 48% increase.
• Strategic appointments are likely to enhance operational efficiency and innovation.
• The leadership team has extensive experience, which may boost nCino's growth and market presence.

Negative

• Transitioning to new leadership roles may pose continuity risks during the adjustment phase.
• Concerns about experience gaps, as some promotions may lead to shifts in responsibilities.

• Josh Glover named President & Chief Revenue Officer
  
• Greg Orenstein named Chief Corporate Development & Strategy Officer
• Trisha Price named Chief Innovation Officer
• Josh Marcy named Executive Vice President, Product Management
• Dory Weiss named Executive Vice President, Engineering
• April Rieger named Executive Vice President, General Counsel & Secretary

WILMINGTON, N.C., Sept. 01, 2021 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced today several strategic promotions across its executive leadership team to further support the Company’s continued growth and scale.

“As a company, we have made consistent progress over the years executing on our strategic growth initiatives, including expanding our global presence and increasing innovation across our platform,” said Pierre Naudé, nCino’s Chief Executive Officer. “This progress would not have been possible without our people. These talented leaders have all played invaluable roles in scaling our business, delivering on our growth goals, and accelerating the transition of financial institutions globally to the cloud. It gives me great pleasure to announce these changes today, which reflect our maturation as a company and position us for continued growth and long-term success. I’m incredibly excited about the strength and depth of our team and the tremendous opportunity that lies ahead of us.”

The following changes across nCino’s executive leadership team are effective immediately:

Josh Glover has been named President in addition to Chief Revenue Officer of nCino, taking on additional responsibilities in driving nCino’s business and operations. A year-one nCino employee, Glover has been vital to the Company’s growth, overseeing the global sales, pre-sales, and channels and alliances teams, managing customers’ transformation journeys, and driving nCino’s expansion across North America, EMEA and APAC. As Chief Revenue Officer, Glover drove over $204 million in revenues during the 2021 fiscal year, increasing the Company’s revenues by 48 percent from the previous year. Glover is a decorated combat veteran who led Marines through four combat deployments during a decade of service as a Marine Corps Special Operations and Infantry Officer. His awards include the Silver Star Medal, the Bronze Star Medal for valor and three Purple Heart Medals. In his expanded role, Glover will take on additional responsibilities overseeing global marketing and will leverage the deep expertise he has developed in his time at nCino to further guide business execution and lead company operations into its next phase of growth.

Greg Orenstein has been named nCino’s Chief Corporate Development & Strategy Officer. Orenstein joined nCino in 2015 and most recently served as Chief Corporate Development & Legal Officer and Secretary. Orenstein has played a critical role in driving the Company's corporate strategy, acquisition, investment and legal activities, including leading nCino’s acquisitions of Visible Equity and FinSuite in 2019 and nCino’s initial public offering and secondary offering in 2020. Orenstein is a seasoned leader with more than 20 years of experience driving corporate strategy and executing M&A and corporate finance transactions in the financial technology sector. In this new role, Orenstein will broaden and intensify his focus on the overall strategic development of the Company, including identifying and executing on growth initiatives, M&A and investment opportunities, to further nCino’s position as a leading digital transformation partner for financial institutions globally.

Trisha Price has been named nCino’s Chief Innovation Officer. In this new role, Price will lead efforts to drive new product strategy and innovation and help to ensure the alignment of nCino’s technology vision with its business strategy. Price joined nCino in 2016 and most recently served as its Chief Product Officer, playing a pivotal role in the growth, development, strategic direction and ongoing innovation of the nCino Bank Operating System^®. Under her leadership, the nCino solution has expanded across numerous business lines and geographies, scaling from a U.S.-based commercial loan origination system to a global banking platform. Price will leverage her extensive knowledge of nCino’s business and solutions and her 20 years of financial services and technology experience to infuse innovative thinking throughout the organization and its operations, further accelerating nCino’s innovation capabilities across solutions and geographies, and fueling continued growth.

Josh Marcy has been named nCino’s Executive Vice President, Product Management. Marcy joined nCino in 2018 and has been instrumental in the continued growth and development of the company’s flagship Commercial Banking solution as well as the continued launch of new solutions, including Automated Spreading and Commercial Pricing and Profitability, both part of nCino IQ (nIQ) – the Company’s AI, machine learning and analytics suite. Marcy also leads all technology partnerships for the Company. Marcy has spent more than 20 years in the fintech industry, holding various senior leadership roles at Custom Credit Systems, Misys and Finastra, and previously worked in banking with a focus on small business lending. In his expanded role, Marcy will oversee nCino’s development roadmap across all solutions.

Dory Weiss has been named nCino’s Executive Vice President, Engineering. Weiss, who joined nCino in 2013 as a senior software developer, has led the company’s engineering department and agile methodology practice since 2016, growing it from a small team into a global organization of more than 350 software engineers, QA engineers, devOps engineers, architects and managers. Previously, Weiss spent six years as a senior software developer at the University of Texas where she managed a team of developers and served as the primary technical lead for many of the University's eCommunications, business and administrative applications.

April Rieger has been named nCino’s Executive Vice President, General Counsel & Secretary. Since joining nCino in 2018, Rieger has played a key role in scaling the Company’s global legal department, including overseeing various contractual, governance, regulatory and intellectual property matters. Prior to joining nCino, Rieger spent more than a decade as an attorney at Williams & Connolly LLP in Washington, D.C. where she worked on a wide range of complex corporate and litigation matters.

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System^® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino's single digital platform enhances the employee and client experience to enable financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino works with more than 1,200 financial institutions globally, whose assets range in size from $30 million to more than $2 trillion. For more information, visit: www.ncino.com.

MEDIA CONTACTS
Kathryn Cook
+1 919.691.4206
Kathryn.cook@ncino.com

Sutton Resler, nCino
+1 571.236.4966
sresler@mww.com

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, 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, our ability to attract new customers and succeed in having current customers expand their use of our solution, our ability to successfully acquire new companies and/or integrate acquisitions into our existing organization, our ability to sustain our revenue growth rate in the future, 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.

FAQ

What recent executive changes occurred at nCino (NCNO)?

nCino announced several promotions, including Josh Glover as President and Chief Revenue Officer, Greg Orenstein as Chief Corporate Development & Strategy Officer, and Trisha Price as Chief Innovation Officer.

What are the key responsibilities of the new Chief Revenue Officer at nCino?

Josh Glover, as Chief Revenue Officer, will oversee business operations and global sales efforts, driving revenue growth.

How will the new leadership structure impact nCino's growth strategy?

The newly promoted executives are expected to enhance innovation, corporate strategy, and product development, aligning with nCino's growth initiatives.

What revenue did nCino achieve during the 2021 fiscal year?

nCino reported revenues of $204 million for the 2021 fiscal year, marking a 48% increase from the previous year.

Who is the new Chief Innovation Officer at nCino?

Trisha Price has been appointed as the Chief Innovation Officer, responsible for driving new product strategy and innovation.