Teradata announced that its Board of Directors has appointed Oliver Ratzesberger President and Chief Executive Officer (CEO), effective immediately. Ratzesberger succeeds Victor L. Lund, who is transitioning from his role as President and CEO to Executive Chairman of the Board of Directors. Ratzesberger has served as Teradata's Chief Operating Officer (COO) since February 2018, responsible for the company's global operations and leading its strategies for go-to-market, products and services.

He joined Teradata in 2013 and, from 2016 to 2018, served as the company's Executive Vice President and Chief Product Officer, leading Teradata's research and development organization, following a distinguished career in advancing innovation in technology at both established and start-up companies. While COO, Ratzesberger worked alongside Lund in architecting and implementing the company's transformation. This appointment reflects the Board's confidence in Ratzesberger as Lund's successor, and in the continued execution of the company's strategy as well as the development of its culture and values.

In connection with Lund's appointment to Executive Chairman, the Board has appointed Michael Gianoni, a member of the Board of Directors since January 2015, as independent Lead Director, effective immediately. James Ringler, who has been Chairman of Teradata since 2007, will remain a member of the Board.