New Leader for Teradata

Big data analytics platform Teradata has appointed its former COO Oliver Ratzesberger as President and CEO, with immediate effect. In both roles he succeeds Victor L. Lund, who is transitioning to Executive Chairman of the Board.

Ratzesberger (pictured) has been COO since February 2018, responsible for its global operations and leading its strategies for go-to-market, products and services. He joined the company in 2013, and was EVP and Chief Product Officer between 2016 and 2018. Earlier in his career he spent eight years at NCR, then seven at eBay, latterly as Senior Director Analytics Platform; and he also spent almost two years in big data analytics roles at Sears Holdings. He is a graduate of Harvard Business School's Advanced Management Program and earned his engineering degree in Electronics and Telecommunications from HTL Steyr in Austria.

Together with these appointments the company has appointed Michael Gianoni, President and CEO of Blackbaud, Inc. and a member of Tersadata's Board of Directors since January 2015, as independent Lead Director; while James Ringler, Chairman since 2007, will remain a member of the Board.

Lund was President and CEO for two and a half years, and has been a member of Teradata's board since September 2007. He says of the changes: 'As we continue to successfully execute on Teradata's strategic transformation, including the pivot to a subscription model, which is showing up in our financial performance, now is the right time for this leadership transition and Oliver is the right person. He is a technology visionary who, along with an exceptional team, has charted a course for Teradata Vantage™, our world-class analytics platform, and helped to drive our overarching vision. His track record at Teradata and in the industry make him a natural choice as our next CEO'.

The company, which describes its offer as 'pervasive data intelligence', reports final results in early February, but said today it expects fourth-quarter and full-year revenues in line with or better than its most recent guidance.

Web site: www.teradata.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.