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nCino Announces Appointment of Sean Desmond as President and Chief Executive Officer

Feb 03, 2025 - financialpost.com
nCino, Inc., a leading provider of banking solutions, has appointed Sean Desmond as its new President and Chief Executive Officer, effective immediately. Desmond, who joined nCino in 2013 and most recently served as Chief Product Officer, succeeds Pierre Naudé, who will transition to the role of Executive Chairman of the Board. Desmond's appointment follows a comprehensive succession planning process, and he is expected to lead nCino through its next phase of growth and innovation, leveraging his extensive experience in scaling large organizations and driving product innovation through data and AI.

Pierre Naudé expressed confidence in Desmond's leadership, highlighting his contributions to nCino's growth and success over the years. Desmond emphasized his commitment to delivering data-driven experiences and maintaining nCino's mission of transforming financial services through innovation. Chris Gufford will succeed Desmond as Chief Product Officer. nCino also reaffirmed its financial guidance for the fiscal year 2025, underscoring its focus on enhancing strategic decision-making and customer satisfaction through its intelligent platform.

Key takeaways:

  • Sean Desmond has been appointed as the President and CEO of nCino, succeeding Pierre Naudé, who will become the Executive Chairman of the Board.
  • Desmond has been with nCino since 2013, previously serving as Chief Customer Success Officer and Chief Product Officer.
  • nCino reaffirms its guidance for the fourth quarter and fiscal year 2025, as previously provided in its third quarter earnings call.
  • nCino aims to leverage its platform's AI capabilities and extensive data to drive growth and innovation in the financial services industry.
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