Nov 7, 2019 | SAN DIEGO, California

Victor L. Lund Appointed Interim CEO, Succeeding Oliver Ratzesberger; Board Commencing Seek for Everlasting CEO

SAN DIEGO – Nov. 7, 2019 – Teradata (NYSE: TDC), the cloud-based information analytics firm delivering Pervasive Information Intelligence, at the moment introduced that Victor Lund, the Government Chairman of the Teradata Board of Administrators, has been appointed Interim President and Chief Government Officer, efficient instantly. Upon mutual settlement between the Teradata board and Oliver Ratzesberger, as of November 5, 2019, Mr. Ratzesberger is now not serving as President and Chief Government Officer and he has resigned from Teradata’s board. Mr. Lund will proceed in his position as Government Chairman.

Mr. Lund beforehand served because the President and Chief Government Officer of Teradata from Might 2016 till his appointment as Government Chairman in January 2019. Mr. Lund has been a member of Teradata’s board since 2007 and was the Chair of the Audit Committee from 2007 till Might 2016.

The Firm’s Board of Administrators has established a CEO Search Committee to steer the method to establish and choose a everlasting Chief Government Officer. The Search Committee is chaired by Michael Gianoni, the board’s unbiased Lead Director. Different committee members embody Daniel Fishback, Joanne Olsen and John Schwarz. 

Mr. Lund said, “Oliver has been a pacesetter and expertise visionary since we started Teradata’s enterprise transformation, and we thank him for his contributions. Finally, the board determined that now’s the precise time to establish a brand new CEO to speed up the execution of the transformation, with a purpose to obtain our imaginative and prescient and progress technique. The board stays assured that Teradata’s market-leading place in cloud-based information and analytics, proficient group and powerful basis will drive us ahead as we execute our transformation technique, proceed to innovate, and supply distinctive worth to our prospects via the ability of knowledge.”

Mr. Gianoni said, “We’re grateful to Vic for taking up the extra position of Interim CEO. Along with his a few years on Teradata’s board and as CEO from 2016 to early 2019, Vic is the perfect chief to supervise the execution of Teradata’s technique in the course of the CEO search course of.”

2019 Third Quarter Monetary Outcomes

In a separate press launch issued at the moment, Teradata reported 2019 third quarter monetary outcomes. Teradata will host a convention name and stay webcast at 2 p.m. PT at the moment to debate its monetary outcomes. The stay webcast and a replay will likely be accessible on the Teradata web site at investor.teradata.com.

About Victor L. Lund

Beforehand, Mr. Lund served because the Non-Government Chairman of the Board of DemandTec, Inc., a publicly-held, on-demand functions firm, from 2006 till 2012, and was a member of its board from 2005 till 2012. Mr. Lund was Non-Government Chairman of the Board of Mariner Well being Care, Inc., a long-term well being care companies firm, from 2002 till 2004 and Vice Chairman of Albertson’s, Inc. from 1999 to 2002. Previous to that, he served as Chairman and Chief Government Officer of American Shops Firm. Throughout his prolonged profession with American Shops, Mr. Lund additionally held govt positions of accelerating duty resulting in Chairman and Chief Government Officer, together with Chief Monetary Officer and Government Vice President. Earlier in his profession, Mr. Lund was a practising licensed public accountant. He additionally serves as a director of Service Company Worldwide and plenty of privately-held corporations.