Teradata has named John Ederer its new Chief Financial Officer, who oversees the company's financial activities.
Ederer will report directly to Steve McMillan, President and Chief Executive Officer, and become part of Teradata's Executive Leadership Team. His remit will include leading the accounting and reporting, corporate development, financial planning and analysis, internal audit and controls, investor relations, tax, and treasury functions.
Ederer joins Teradata following his tenure as CFO at Model N, a cloud revenue management solutions provider, where he implemented a profitable growth strategy. His responsibilities at Model N included leading teams in accounting, financial planning and analysis, internal audit, investor relations, and other critical areas.
Before his time at Model N, Ederer held the CFO role at K2 Software. There, he led a business turnaround, overseeing the company's transition to a subscription revenue model, achieving profitability, and ultimately managing the company's successful sale to Nintex. Ederer's background includes leadership roles at enterprise software companies such as TIBCO Software, SAP, Business Objects, and Ariba.
Earlier in his career, Ederer worked as an equity research analyst in investment banking, concentrating on enterprise software companies and healthcare.
"John's financial management skills and his extensive experience with software business models makes him a great fit for Teradata as we advance our strategy with our hybrid cloud platform for Trusted AI. John's ability to see the big picture and maintain strategic alignment through periods of complexity is especially valuable, and his proven track record of investor-focused reporting and forecasting discipline is what Teradata shareholders expect and deserve. I'm delighted to welcome John and look forward to leveraging his financial guidance to accelerate Teradata's profitable growth and help us capitalize on the AI opportunity in front of us." McMillan said.
"Teradata's strength in data analytics is especially compelling in this new era of AI. I believe the opportunities for the Company are substantial and I'm excited to join an industry leader with a long history of innovation. I look forward to working with Steve and the leadership team to capitalise on the dynamic market opportunity for AI, while at the same time continuing to drive financial performance and profitability," Ederer said.
Teradata focuses on providing a comprehensive cloud analytics and data platform for artificial intelligence, aiming to support organisations with harmonised data and reliable AI capabilities.
