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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 Fed Delays Cut

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 CopilotDozens of Banks Rapidly Piled Up Commer

(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 Back ‘Old-Styl