Actionable news
All posts from Actionable news

Teradata Announces CEO Change

ATLANTA, May 5, 2016/PRNewswire/ -- Teradata Corp. TDC, -2.56% today announced that its Board of Directors has elected Victor L. Lund, a member of Teradata's Board of Directors since September 2007, as President and Chief Executive Officer. Mr. Lund succeeds Mike Koehler who has stepped down as Teradata's President, CEO and Board Director, effective immediately.

Mr. Lund has spent his career overseeing and executing the transformation, growth and development of organizations across diverse industry sectors. He brings to the company deep operating and leadership experience, financial management knowledge and a global business perspective.

"Vic has been a valuable contributor to the Teradata Board, and, importantly, he has been instrumental in the Board's oversight of Teradata's transformation," said Jim Ringler, Chairman of Teradata's Board of Directors. "Vic is an accomplished executive with a deep understanding of our business, operations and the strategies we are implementing. At Teradata, we are undertaking a comprehensive transformation, including both our technology and go-to-market strategy. We are confident that, under Vic's leadership, Teradata is well-positioned to realize the benefits of this transformation and to build on the company's strengths, drive long-term growth and increase shareholder value. As CEO, Vic will also be highly focused on organizational development and succession planning to address the leadership needed as the company enters its next phase."

"On behalf of the Board and the company, I want to thank Mike for his many contributions to Teradata. During his tenure as Teradata's CEO, Mike advanced the company's leadership position in data and analytics, gaining continued recognition from leading industry analysts for technology innovations. Significantly, Mike is known for his enduring commitment to customer success," added Mr. Ringler.

Mr. Koehler said, "It has been a privilege to lead Teradata's talented employees for the past 14 years, and I am extremely proud of the many accomplishments achieved by the Teradata team during my tenure. I believe now is the right time for new leadership to take the company forward."

"It is an honor to be appointed President and Chief Executive Officer of Teradata," said Mr. Lund. "During my time on the Teradata Board, I have gained an intimate knowledge of...