Intertrust announces the nomination of Shankar Iyer as CEO
07 Décembre 2020 - 7:15AM
Intertrust announces the nomination of Shankar Iyer as CEO
PRESS RELEASE: Amsterdam
– 7 December
2020 – Intertrust
N.V. (“Intertrust” or “Company”)
[Euronext:INTER],
a global leader in providing tech-enabled corporate and fund
solutions to clients operating and investing in the
international business environment, today announces that Stephanie
Miller is stepping down as CEO and as a Member of the Management
Board and the Executive Committee. The Supervisory Board is pleased
to announce the nomination of Shankar Iyer as CEO. Mr. Iyer will
assume the role of acting CEO from 7 December 2020.
Stephanie has successfully set the strategic direction for
Intertrust, including a vision to digitally transform the business
which led to the acquisition of Viteos. The Company is now focused
on integrating and migrating the acquired business to finish the
transformation and deliver the full platform to its clients.
In proposing a successor, the Supervisory Board has considered
the appropriate skills necessary for the next phase of Intertrust’s
development. The Supervisory Board has been impressed with Shankar
Iyer’s leadership skills and his strong focus on growth and returns
and believes he is the right person for Intertrust today to
maximise value for all stakeholders.
Shankar is currently Chief Solutions Officer of Intertrust and
was CEO and co-founder of Viteos, a top ten US tech-enabled funds
administrator acquired by Intertrust in 2019. He has over 30 years
of international experience in business acquisition and development
and has extensive experience in integrating digital capabilities
into businesses. Prior to founding Viteos, Shankar was the
President and CEO of Silverline Technologies, an IT services
company, which he led to its listing on the NYSE.
Subject to shareholder approval at a General Meeting and
regulatory approval, Mr. Iyer will be appointed as a Member of the
Management Board and CEO for a period of four years.
Full year 2020 results will be announced on 12 February 2021 and
the Company will provide an update on guidance and capital
allocation at that time. The outlook for Intertrust for FY2020
remains unchanged.
Hélène Vletter-van Dort, Chairwoman of the Supervisory
Board said:“On behalf of the Supervisory
Board, I would like to sincerely thank Stephanie for her
contribution over the past three years. Under her leadership,
Intertrust has continued to build upon its position as a world
leader in specialised administration services, expanding into new
geographies and service areas. With the Company turning its focus
to consolidating its position and maximising the contribution of
all the Group’s companies, now is the right time for fresh
leadership and we wish Stephanie the best as she returns home to
the US.
Shankar is an excellent leader who has an impressive track
record of delivering successful execution, understanding our
clients' needs, growing businesses and building great teams.
Together with Rogier, they will bring the execution rigour that is
needed for this next chapter of the Company. We are delighted that
he has accepted the role, understands our market and business
deeply and will therefore be able to deliver our transformation
agenda at pace.”
Shankar Iyer
said: “It’s a privilege to be asked to lead
Intertrust, a truly world leading business in its field. As CEO, I
see my role as giving the talented professionals we have across
this business the tools and environment they need to be successful.
I look forward to working with Rogier and the team to build on the
solid foundations Stephanie and the team have laid over the past
several years and maximising performance right across the
business."
Stephanie Miller said: “I would like to thank
the Supervisory Board and all my colleagues at Intertrust for an
incredibly rewarding and successful three years. The business is in
good hands with Shankar and I wish them all the best as they
continue to deliver on the strategy. I now look forward to taking
on my next challenge.”
- Intertrust announces the nomination of Shankar Iyer as
CEO.pdf