Teradata Board Appoints Steve McMillan President and Chief Executive Officer
May 07 2020 - 4:15PM
Business Wire
Proven Technology Leader Brings a Track Record
of Driving Global Strategy and Execution in Hypergrowth Enterprise
Cloud Businesses
Teradata (NYSE: TDC) today announced that its Board of Directors
has appointed Steve McMillan President and Chief Executive Officer,
and a member of the Board of Directors, effective June 8, 2020. Mr.
McMillan was previously at F5 Networks, Inc. as Executive Vice
President of Global Services. He succeeds interim President and
Chief Executive Officer, Victor Lund. Mr. Lund will step down from
the Company’s Board of Directors, effective upon the appointment of
Mr. McMillan as CEO on June 8, 2020.
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Teradata Board Appoints Steve McMillan
President and Chief Executive Officer (Photo: Business Wire)
With nearly two decades in senior leadership positions, Mr.
McMillan is a seasoned technology executive with an impressive
track record of transforming enterprise services and product
businesses into industry-leading cloud portfolio offerings. His
relentless focus on customers and strong bias for action will help
propel Teradata to new levels of success.
“During this time of transformation, there is no better person
to lead Teradata than Steve McMillan,” said Mike Gianoni, Chairman
of the Teradata Board of Directors. “Steve is a proven leader with
tremendous operational experience and business acumen, and he has a
unique ability to bring people together to achieve outstanding
results and drive companywide transformations to the cloud. His
vision for how data will be leveraged around the world is precisely
what Teradata needs as we accelerate our transformation, customer
success, product innovation, and return to growth.”
Most recently, at F5, Mr. McMillan was responsible for more than
half of the Company’s worldwide operations and achieved significant
top-line growth and industry-leading customer satisfaction.
Previously, he served as Senior Vice President, Customer Success,
and Managed Cloud Services at Oracle, where he guided the Company’s
transformation from a traditional hosting business to a
high-growth, high-margin differentiated cloud offerings platform.
Before Oracle, Mr. McMillan spent nearly 20 years at IBM, where he
held a variety of increasingly senior leadership roles driving
operations and execution with a consistent record of exceeding
revenue and profit targets, business transformation, and
collaborative leadership.
“It is a privilege to have the opportunity to lead Teradata in
the next chapter of its growth strategy,” said Mr. McMillan.
“Leveraging insights from data has never been more important, and
Teradata is leading the way in helping global enterprises unlock
real business value from this asset. Teradata has a unique position
in a large market, best-in-class technology, a blue-chip customer
base, and talented employees. I intend to take a customer-led
approach and bring my collaborative and open leadership style to
this great franchise to advance its strategy and to ensure Teradata
is the partner of choice for customers around the world who need
hybrid, cloud-based solutions.”
Mr. Gianoni added, “I would like to thank Vic for his extensive
contributions to Teradata. We look forward to continuing to benefit
from his institutional knowledge as an advisor to the Company
through the end of the year and wish him all the best.”
2020 First Quarter Financial Results
In a separate press release to be issued today, Teradata will
report 2020 first-quarter financial results. Teradata will host a
conference call at investor.teradata.com today, at 2 pm PT, to
discuss its financial results. The live broadcast and a replay will
be available on the Teradata website at investor.teradata.com.
About Teradata
Teradata transforms how businesses work and people live through
the power of data. Teradata leverages all of the data, all of the
time, so you can analyze anything, deploy anywhere, and deliver
analytics that matter most to your business. And we do it
on-premises, in the cloud, or anywhere in between. We call this
pervasive data intelligence, powered by the cloud. It’s the answer
to the complexity, cost and inadequacy of today’s approach to
analytics. Get the answer at teradata.com.
The Teradata logo is a trademark, and Teradata
is a registered trademark of Teradata Corporation and/or its
affiliates in the U.S. and worldwide.
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Jennifer Donahue 858-485-3029 office
Jennifer.Donahue@Teradata.com
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