Sapiens recently completed its acquisition by private equity firm Advent. Following this major transaction, the company revealed several new leadership appointments to help steer the future of the company. These changes signify a shift to a privately held company with a focus on international expansion. The company intends to speed up its digital transformation journey in the insurance technology sector.
Strategic Changes in Executive Management
Roni Al-Dor will step down as President and CEO on December 31, 2025. He led the company for two decades with significant success. Mike Ettling has been named the Executive Chairman to help during this transition. He will also act as the interim CEO while the board searches for a permanent leader.
The organization is transitioning new leadership not only in the main roles but also across several other key positions. The team is pleased to welcome Paul Wheeler as the new Chief Financial Officer who is effective right away. In addition, the company has appointed James Hannay as Chief Revenue Officer to lead the sales department. These changes in leadership at the top level of the organization are the assurance of the company to continue its progress in the market.
Roni Al-Dor reflected on his long tenure with the organization:
“It has truly been a privilege to lead Sapiens through its incredible growth journey. I’m deeply grateful to the talented teams and loyal customers who have shaped the company’s success. As we commence the next chapter under Advent’s ownership, Sapiens is poised for an exciting next phase. I’m confident the company will continue delivering modern, resilient solutions and helping insurers navigate complexity and build intelligent, technology-enabled businesses.”
The board believes these changes will strengthen the company foundations. Mike Ettling expressed his vision for the upcoming era:
“Sapiens is a recognized leader in insurance technology and a critical partner to insurers navigating rapid change. I am privileged to have the opportunity to steward Sapiens and its 5,400 committed and innovative people in the next phase of their growth journey. Together with the leadership team, I look forward to building a new AI-driven customer-centric future for Sapiens.”
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News Source: PRNewswire.com
