Temenos CEO Steps Down as Swiss Executive Carousel Goes On (1)

Banking software provider Temenos AG replaced its chief executive officer, becoming the second Swiss company this week to shake up top leadership.

Jean-Pierre Brulard will be succeeded by Chief Financial Officer Takis Spiliopoulos on an interim basis, the firm said late Thursday. The board has hired an executive search firm to identify the next permanent CEO.

Brulard had been at the helm since May last year. He had been tasked with reviving the the Grand-Lancy-based firm’s strategy and restoring confidence after a revenue miss that it blamed on the effects of a report from short seller Hindenburg Research in early ...