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Teradata Proclaims CEO Change

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Teradata Proclaims CEO Change

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Might 5, 2016 | ATLANTA

Victor L. Lund Elected President and Chief Government Officer – Mr. Lund to Oversee the Implementation of Teradata’s Transformation – Mike Koehler Steps Down

Teradata Corp. (NYSE: TDC) immediately introduced that its Board of Administrators has elected Victor L. Lund, a member of Teradata’s Board of Administrators since September 2007, as President and Chief Government Officer. Mr. Lund succeeds Mike Koehler who has stepped down as Teradata’s President, CEO and Board Director, efficient instantly.

Mr. Lund has spent his profession overseeing and executing the transformation, progress and improvement of organizations throughout numerous trade sectors. He brings to the corporate deep working and management expertise, monetary administration information and a world enterprise perspective.

“Vic has been a worthwhile contributor to the Teradata Board, and, importantly, he has been instrumental within the Board’s oversight of Teradata’s transformation,” stated Jim Ringler, Chairman of Teradata’s Board of Administrators. “Vic is an completed government with a deep understanding of our enterprise, operations and the methods we’re implementing. At Teradata, we’re enterprise a complete transformation, together with each our expertise and go-to-market technique. We’re assured that, below Vic’s management, Teradata is well-positioned to appreciate the advantages of this transformation and to construct on the corporate’s strengths, drive long-term progress and improve shareholder worth. As CEO, Vic may even be extremely centered on organizational improvement and succession planning to handle the management wanted as the corporate enters its subsequent part.”

“On behalf of the Board and the corporate, I wish to thank Mike for his many contributions to Teradata. Throughout his tenure as Teradata’s CEO, Mike superior the corporate’s management place in information and analytics, gaining continued recognition from main trade analysts for expertise improvements. Considerably, Mike is understood for his enduring dedication to buyer success,” added Mr. Ringler.

Mr. Koehler stated, “It has been a privilege to steer Teradata’s proficient staff for the previous 14 years, and I’m extraordinarily happy with the numerous accomplishments achieved by the Teradata group throughout my tenure. I imagine now could be the appropriate time for brand spanking new management to take the corporate ahead.”

“It’s an honor to be appointed President and Chief Government Officer of Teradata,” stated Mr. Lund. “Throughout my time on the Teradata Board, I’ve gained an intimate information of the place we’re, however, extra importantly, of the place we have to go. I’ve a ardour for Teradata and our transformation, and I intend to supervise a rigorous implementation of the wanted modifications. With the help of the proficient group at Teradata, we are going to optimize our go-to-market technique, develop new cloud-based and versatile options our prospects want, reinvigorate our group and management and ship worth to our shareholders. ”

ABOUT VICTOR L. LUND

Mr. Lund served as chair of the Audit Committee on Teradata’s Board of Administrators. He was the non-executive chairman of the board of DemandTec, Inc., a publicly-held, on-demand purposes firm, from December 2006 till February 2012. Beforehand, Lund was non-executive chairman of the board of Mariner Well being Care, Inc., a long-term well being care providers firm, from 2002 to 2004, and he was vice chairman of Albertson’s, Inc. from 1999 to 2002. He was additionally chairman of the board of American Shops Firm from 1995 till 1999 and its chief government officer from 1992 till 1999. Throughout his 22-year profession with American Shops, Mr. Lund additionally held many working government positions. He additionally serves as a director of Service Company Worldwide and has served on various publicly-traded firm boards, together with Del Monte Meals Firm and Delta Airways.

Observe to Traders

This information launch accommodates forward-looking statements inside the which means of Part 21E of the Securities and Alternate Act of 1934. These forward-looking statements are primarily based upon present expectations and assumptions and contain dangers and uncertainties that would trigger Teradata’s precise outcomes to vary materially. Along with the elements mentioned on this launch, different dangers and uncertainties might have an effect on our future outcomes, and will trigger precise outcomes to vary materially from these expressed in such forward-looking statements. Such elements embody these referring to: the worldwide financial setting generally or on the power of our suppliers to fulfill their commitments to us, or the timing of purchases by our present and potential prospects, and different basic financial and enterprise situations; the quickly altering and intensely aggressive nature of the knowledge expertise trade and the info analytics enterprise, together with the elevated stress on worth/efficiency for information analytics options; fluctuations in our working outcomes, unanticipated delays or accelerations in our gross sales cycles and the issue of precisely estimating revenues; failure to appreciate the anticipated advantages of our enterprise transformation program, divestitures, senior administration modifications, or different restructuring and price saving initiatives; dangers inherent in working in international nations, together with the impression of financial, political, authorized, regulatory, compliance, cultural, international foreign money fluctuations and different situations overseas; the well timed and profitable improvement, manufacturing or acquisition and market acceptance of recent and current services and products, together with our means to speed up market acceptance of recent services and products in addition to the reliability, high quality, safety and operability of recent merchandise due to the issue and complexity related to their testing and manufacturing; tax charges; turnover of workforce and the power to draw and retain expert staff; availability and profitable exploitation of recent acquisition and alliance alternatives; our means to execute integration plans for newly acquired entities, together with the likelihood that anticipated synergies and working efficiencies is probably not achieved, that such integration efforts could also be harder, time-consuming or pricey than anticipated, and that working prices, buyer loss and enterprise disruption (together with, with out limitation, difficulties in sustaining relationships with staff, prospects, shoppers or suppliers) could also be larger than anticipated following the transaction; recurring income could decline or fail to be renewed; modifications in Usually Accepted Accounting Rules (GAAP) and the ensuing impression, if any, on the corporate’s accounting insurance policies; continued efforts to determine and keep best-in-class and safe inner data expertise and management methods; and different elements described from time-to-time within the firm’s filings with the U.S. Securities and Alternate Fee, together with its annual report on Kind 10-Okay and subsequent quarterly stories on Varieties 10-Q, in addition to the corporate’s annual stories to stockholders. The corporate doesn’t undertake any obligation to publicly replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case.



Teradata is the linked multi-cloud information platform for enterprise analytics firm. Our enterprise analytics clear up enterprise challenges from begin to scale. Solely Teradata offers you the flexibleness to deal with the huge and combined information workloads of the longer term, immediately. Be taught extra at Teradata.com.


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