In a recent announcement, ncino, Inc. (NASDAQ: NCNO) has appointed Sean Desmond as the new President and Chief Executive Officer, effective immediately, succeeding Pierre Naudé, who will transition to the role of Executive Chairman of the Board.
Desmond, who joined ncino in 2013, has a track record of leadership within the company, initially serving as Chief Customer Success Officer and later as Chief Product Officer. With his extensive experience and vision for an AI and data-enabled platform, Desmond aims to steer ncino towards delivering the power of its platform, which is built on a rich dataset in fintech, coupled with embedded AI capabilities.
In the realm of financial performance, ncino has reaffirmed the guidance provided on its third-quarter fiscal year 2025 earnings call on December 4, 2024, as it has not yet completed closing the books on the fourth quarter and fiscal year 2025.
Furthermore, Chris Gufford has been named as Desmond's successor in the role of Chief Product Officer, having previously held the position of Executive Director and General Manager of ncino commercial banking since 2021.
ncino, with over 1,800 customers globally, is recognized for its best-in-class, intelligent solutions and aims to revolutionize financial services by integrating artificial intelligence and actionable insights into its platform to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by bringing together people, AI, and data. The market has reacted to these announcements by moving the company's shares -5.1% to a price of $32.26. For more information, read the company's full 8-K submission here.
