- Chief Executive Barak Eilam will step down at the end of 2024, after more than 10 years at the helm
- The company begins the search for a successor
HOBOKEN, N.J.–(BUSINESS WIRE)–Nice (Nasdaq: NICE) A planned leadership change was announced today. Chief executive Barak Eilam has informed the board of directors of his decision to resign, effective December 31, 2024. transition. He will be actively involved with the Board in the search for a successor and work with the new leader during the transition. In addition, Eilam will continue to play a strategic advisory role in the first half of 2025. The search will consider both internal and external candidates to ensure the best fit for NICE.
“The Board is grateful to NICE for its outstanding achievements under Barak’s ten years of leadership,” said David Kostman, Chairman of NICE’s Board of Directors. “As a leader in cloud, digital and artificial intelligence, the company is well-positioned for future growth. We We are deeply grateful to Barak for his strong commitment to NICE and look forward to continuing to work with him to execute our 2024 plan, positioning the company for future success, and working with him throughout the CEO search process to ensure a smooth transition of leadership .
Barrack’s leadership has brought about change for NICE. During his tenure, NICE’s visionary strategies propelled the company to undisputed leadership in the market. Under Barak’s guidance, the company has become a key player in the enterprise software market that leverages the cloud and artificial intelligence, and is well positioned for continued prosperity. With a relentless focus on innovation and strategic acquisitions, he transformed NICE into a cloud leader and built the industry’s most advanced artificial intelligence platform. As CEO, Barak built a strong foundation for the future with a strong leadership team and orchestrated tremendous shareholder value creation: total addressable market expanded fivefold; total revenue tripled; cloud revenue rapidly moved from near zero Grows to $1.6 billion; earnings per share more than triples.
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Leading NICE over the past ten years has been the pinnacle of my career. I am honored to work with a team of 8,500 talented and dedicated NICE employees around the world. While my team and NICE’s mission inspire me every day, after 25 years at NICE, the company is ready for continued leadership and success and now is the perfect time to hand over the helm of the company to a new leader .
Mr. Eilam continued: “I will remain focused on delivering on our 2024 plans, supporting the success of our customers and partners, and working closely with our product teams on exciting innovations. NICE has a bright future and I Committed to ensuring a seamless transition.
About Nice
With NICE (NASDAQ: NICE), it’s never been easier for organizations of all sizes around the world to create exceptional customer experiences while meeting key business metrics. NICE owns CXone, the world’s No. 1 cloud-native customer experience platform, and is the global leader in artificial intelligence self-service and agent-assisted CX software for contact centers and other fields. More than 25,000 organizations in more than 150 countries, including more than 85 Fortune 100 companies, partner with NICE to transform and enhance every customer interaction. www.nice.com
Trademark Notes: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. For a complete list of NICE trademarks, please visit: www.nice.com/nice-trademarks.
forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. of. In some cases, such forward-looking statements can be identified by terms such as believe, expect, seek, may, will, intend, should, predict, anticipate, plan, estimate or similar words.Forward-looking statements are subject to a number of risks and uncertainties that could cause the Company’s actual results or performance to differ materially from those described herein, including, but not limited to, the impact of changes in economic and business conditions. ; Competition; Successful execution of the Company’s growth strategy; Success and development of the Company’s cloud software-as-a-service business; Changes in technology and market requirements; Decline in demand for the Company’s products; Inability to develop and introduce new technologies, new products and new applications in a timely manner; Conduct Difficulties in making additional acquisitions or making additional acquisitions Difficulties or delays in absorbing and integrating acquired businesses, products, technologies and personnel; Loss of market share; Inability to maintain certain marketing and distribution arrangements; The Company’s liability to third-party cloud computing platform providers, hosting facilities and service partners reliance on; cyber security attacks or other security breaches against the Company; privacy issues; changes in currency exchange rates and interest rates, the impact of additional tax liabilities arising from our global operations, unforeseen events or geopolitical conditions, such as those that may disrupt us the impact of the conflict in the Middle East on our business and global economy; the impact of newly enacted or modified laws, regulations or standards on the company and our products, as well as various other factors discussed in our filings with the U.S. Securities and Exchange Commission (SEC) and Uncertainty. For a more detailed description of the risk factors and uncertainties affecting the Company, please see the reports the Company files with the SEC from time to time, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise these statements except as required by law.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240516949727/en/
Corporate Media Contact
Christopher Owen-Dudek, +1 201 561 4442, ET
media@nice.com
investor
Marty Cohen, +1 551 256 5354, ET
ir@nice.com
Omri Arens, +972 3 763 0127, CET
ir@nice.com
Source: Nice
