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Banking software company Temenos has appointed Jean-Pierre Brulard as CEO, effective May 1, citing his record in sales and leadership.

(Bloomberg) -- The chairman of Temenos AG said the company isn’t going to give itself a deadline for naming a new chief executive officer as the embattled Swiss fintech fights off shortseller allegations and pressure from investors. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Amazon Deserves to Be Called Out for Swindling UsersA $6 Trillion Wall of Cash Is Holding Firm as Fe...

Shares in Temenos crashed another 8% on Tuesday having lost 30% of their value since publication of Hindenburg Research's report

(Bloomberg) -- Temenos AG was a target of activist investors even before a report by Hindenburg Research led to the biggest drop in 15 years in the Swiss banking software company’s shares.Most Read from BloombergPutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpHawaii Rightly Rejects Supreme Court’s Gun NonsenseJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionApple Readies AI Tool to Rival Microsoft’s GitHub Copilo...

(Bloomberg) -- Activist investor Petrus Advisers called on Temenos AG to replace its interim chief executive officer immediately and address allegations made by short seller Hindenburg Research by Monday.Most Read from BloombergAlexey Navalny, Jailed Activist Who Defied Putin, Dies at 47Bond Yields Climb as PPI Curbs Dovish Fed Wagers: Markets WrapHawaii Rightly Rejects Supreme Court’s Gun NonsenseApple Readies AI Tool to Rival Microsoft’s GitHub CopilotPutin Steps Into US Race to ...

Company is now worth about a third compared to its 2019 peak.

(Bloomberg) — Temenos AG plunged by nearly a third, slashing its market value by $2.2 billion, after Hindenburg Research took a short position and alleged serious flaws in the books of the Swiss banking software company. The report by Hindenburg, an activist short-seller founded by Nate Anderson, refers to “major accounting irregularities” and says Temenos…

(Bloomberg) — Temenos AG plunged by nearly a third, slashing its market value by $2.1 billion, after Hindenburg Research took a short position and suggested serious flaws in the books of the Swiss provider of software for banks. The Swiss company denied the report, saying it contained “factual inaccuracies and analytical errors, together with false…

Activist investors appear to find their European targets more willing to do away with management than heed calls for dramatic change -- for now.

By Bansari Mayur Kamdar (Reuters) - European shares inched up on Monday as gains in healthcare stocks helped the benchmark index extend its sharp rall...