Stock Movers Temenos Falls, Orsted Drops, Hexagon
Sep 5, 2025
A leadership shake-up at Temenos leads to a significant drop in shares, raising concerns about its future. Meanwhile, Orsted faces challenges with a lowered profit forecast. In contrast, Hexagon's strategic sale to Cadence Design Systems results in a stock surge, highlighting successful maneuvering in the market. The podcast also discusses how Cadence's acquisition enhances its design simulation capabilities, opening doors for potential growth and new client opportunities.
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Short Tenure Of Temenos CEO
- Jean-Pierre Brulard joined Temenos in May 2024 and was dismissed after about a year.
- The chairman said the board decided firing him was best to have a "fully functional team."
Leadership Shock At Temenos
- Temenos replaced CEO Jean-Pierre Brulard after just over a year, installing CFO Takis Spiliopoulos as interim CEO.
- The abrupt leadership change raised investor concerns about strategy and stability, pushing shares sharply lower.
Orsted Faces Profit Hit And Political Headwinds
- Orsted cut its EBITDA forecast and faces a crucial shareholder vote on a rights offering to bolster finances.
- Regulatory and political setbacks in the U.S., including a halted Rhode Island project, have intensified pressure on the company.