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Ensures Seamless Transition and Continued Oversight of
Know-how Initiatives and Firm Transformation
Vic Lund Appointed Govt Chairman of the Board;
Fourth-Quarter 2018 Whole Income Outcomes Anticipated
to be In Line with or Higher than Steerage
Teradata (NYSE: TDC), the trade’s solely pervasive knowledge intelligence firm, at present introduced that its Board of Administrators has appointed Oliver Ratzesberger President and Chief Govt Officer (CEO), efficient instantly. Ratzesberger succeeds Victor L. Lund, who’s transitioning from his function as President and CEO to Govt Chairman of the Board of Administrators.
Ratzesberger has served as Teradata’s Chief Working Officer (COO) since February 2018, liable for the Firm’s international operations and main its methods for go-to-market, services. He joined Teradata in 2013 and, from 2016 to 2018, served because the Firm’s Govt Vice President and Chief Product Officer, main Teradata’s analysis and growth group, following a distinguished profession in advancing innovation in expertise at each established and start-up corporations.
Whereas COO, Ratzesberger labored alongside Lund in architecting and implementing the Firm’s transformation. This appointment displays the Board’s confidence in Ratzesberger as Lund’s successor, and within the continued execution of the Firm’s technique in addition to the event of its tradition and values.
“I’m honored to function the subsequent CEO of Teradata as we proceed to problem the market’s perceptions of how knowledge can result in solutions and ship the trade’s solely pervasive knowledge intelligence resolution,” stated Ratzesberger. “Over the previous few years, we’ve revitalized Teradata by making vital developments to our choices whereas additionally working to transition our enterprise mannequin to offer the subscription-based companies our clients desire. As CEO, I sit up for persevering with to work with our proficient staff to construct on this momentum and create long-term worth for our clients and shareholders.”
Lund stated, “As we proceed to efficiently execute on Teradata’s strategic transformation, together with the pivot to a subscription mannequin, which is displaying up in our monetary efficiency, now could be the precise time for this management transition and Oliver is the precise particular person. He’s a expertise visionary who, together with an distinctive staff, has charted a course for Teradata Vantage™, our world-class analytics platform, and helped to drive our overarching imaginative and prescient. His observe report at Teradata and within the trade make him a pure alternative as our subsequent CEO. I’m extraordinarily happy with the Teradata staff, and all that we’ve completed collectively during the last three years in remodeling our technique and administration staff to assist drive Teradata ahead. It has been my privilege to guide an organization that has such a powerful basis and brilliant future forward. The staff at Teradata are world class, and the worth that we’re offering to probably the most visionary corporations on this planet has and can solely proceed to develop.”
Ratzesberger added, “I’m grateful to Vic for his steadfast steerage, help and management of Teradata by means of a crucial interval within the Firm’s historical past. Below his management, Teradata has reimagined its model and modernized its total market technique to incorporate subscription-based analytics-as-a-service.”
Teradata additionally introduced at present that, though remaining outcomes won’t be obtainable till regular year-end assessment procedures are accomplished, it at present expects the Firm’s fourth-quarter and full-year 2018 whole income, recurring income and annual recurring income (ARR) outcomes to be in step with, or higher than, its most up-to-date steerage. Teradata won’t be offering any extra info concerning its fourth-quarter or full-year efficiency till it experiences remaining leads to early February 2019.
In reference to Lund’s appointment to Govt Chairman, the Board has appointed Michael Gianoni, a member of the Board of Administrators since January 2015, as impartial Lead Director, efficient instantly. James Ringler, who has been Chairman of Teradata since 2007, will stay a member of the Board.
Gianoni commented, “At the moment’s announcement concerning Teradata’s new CEO is the fruits of an intensive and considerate course of undertaken by the Board over the previous few years to make sure that the Firm is greatest positioned to ship on our price proposition to all stakeholders. The Board and I are assured that Oliver is the precise particular person to guide Teradata ahead and ship worthwhile progress and shareholder worth creation. We’re additionally thrilled that the Firm will proceed to profit from Vic’s wealth of expertise and strategic steerage as he transitions to his new function as Govt Chairman of the Board, and we admire Jim’s vital contributions as Chairman and continued service to our Board and firm.”
About Oliver Ratzesberger
Oliver Ratzesberger is the president and chief government officer of Teradata Company and has been a member of the corporate’s board since November 2018. Beforehand, he served as Teradata’s chief working officer, with international working duty for the corporate’s operations and led the corporate’s methods for go-to-market, services. Ratzesberger has an in depth background in analytics, massive knowledge and software program growth. Previous to Teradata, he labored for each Fortune 500 and early-stage corporations, holding positions of accelerating duty in software program growth and IT, together with main the enlargement of analytics at eBay.
A realistic visionary, Ratzesberger regularly speaks and writes about leveraging knowledge and analytics to enhance enterprise outcomes. His latest ebook with co-author Mohanbir Sawhney, “The Sentient Enterprise: The Evolution of Determination Making,” was printed in 2017 and was named to The Wall Road Journal Bestseller Listing.
Ratzesberger is a graduate of Harvard Enterprise College’s Superior Administration Program and earned his engineering diploma in Electronics and Telecommunications from HTL Steyr in Austria. He lives in San Diego together with his spouse and two daughters.
About Victor Lund
Victor Lund served as Teradata’s president and chief government officer from Could 2016 till Ratzesberger’s appointment. He has been a member of Teradata’s board since September 2007 and was the chair of the Audit Committee from 2007 till Could 2016.
About Michael Gianoni
Michael Gianoni is the president and chief government officer of Blackbaud, Inc., a supplier of software program and companies particularly designed for nonprofit organizations, a place he has held since becoming a member of the corporate in January 2014. He has been a member of Teradata’s board since January 2015 and chair of the Committee on Administrators and Governance since February 2017.
Be aware to Traders
This information launch accommodates forward-looking statements throughout the that 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 might trigger Teradata’s precise outcomes to vary materially. Along with the elements mentioned on this launch, different dangers and uncertainties may 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 normally or on the power of our suppliers to fulfill their commitments to us, or the timing of purchases by our present and potential clients, and different normal 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 knowledge 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 adjustments, or different restructuring and value saving initiatives; dangers inherent in working in overseas international locations, together with the affect of financial, political, authorized, regulatory, compliance, cultural, overseas forex fluctuations and different situations overseas; the well timed and profitable growth, manufacturing or acquisition and market acceptance of recent and present services, together with our capability to speed up market acceptance of recent services 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 capability to execute integration plans for newly acquired entities, together with the chance that anticipated synergies and working efficiencies is probably not achieved, that such integration efforts could also be tougher, 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, clients, shoppers or suppliers) could also be better than anticipated following the transaction; recurring income might decline or fail to be renewed; adjustments in Usually Accepted Accounting Ideas (GAAP) and the ensuing affect, if any, on the corporate’s accounting insurance policies; continued efforts to ascertain and keep best-in-class and safe inner info expertise and management techniques; 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 Type 10-Ok and subsequent quarterly experiences on Types 10-Q, in addition to the corporate’s annual experiences to stockholders. The corporate doesn’t undertake any obligation to publicly replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case.
Teradata is the linked multi-cloud knowledge platform for enterprise analytics firm. Our enterprise analytics clear up enterprise challenges from begin to scale. Solely Teradata provides you the flexibleness to deal with the large and blended knowledge workloads of the long run, at present. Be taught extra at Teradata.com.
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