Leading company nCino appoints their Chief Product Officer as CEO
In a significant move for the fintech industry, nCino has announced the appointment of Sean Desmond as its new President, CEO, and Board Member, effective immediately. Desmond, who has been with the company since 2013, previously served as the Chief Customer Success Officer and later as the Chief Product Officer.
Pierre Naudé, the former CEO, will continue to serve as the Executive Chairman of nCino's board to ensure a smooth transition. This internal promotion suggests a deep familiarity with the company's operations, products, and strategy.
Desmond's background includes significant experience within nCino, having held a substantial leadership role in product management before his promotion to CEO. Prior to joining nCino, he worked at software development company Informatica for more than 14 years and as a business analyst at Platinum Technologies.
Regarding his stock holdings, Desmond directly owned 637,405 shares of nCino stock, valued at about $14.7 million, following a sale of 12,339 shares at an average price of $23.00 per share in May 2025. This indicates that he holds a significant equity stake in the company.
The appointment of Desmond was made after considering a diverse pool of external and internal candidates. The company currently has about 1,800 customers worldwide.
Details about Desmond's annual base salary, bonuses, and other compensation are not explicitly available in the current data but may be disclosed in the company’s SEC filings or proxy statements.
In other news, nCino recently inked a deal with FullCircl, a U.K.-based software-as-a-service platform. The company reported total revenue of $138.8 million for the third quarter of fiscal 2025, up 14% year-over-year. The loss improved to $5.3 million in the same period.
Chris Gufford will succeed Desmond as the Chief Product Officer. Desmond will also join the company board, and Naudé can retain full vesting of equity awards if asked to resign from the board. Desmond has an equity incentive opportunity with a target grant date fair value of $8.2 million for 2026.
With Desmond at the helm, nCino is poised for continued growth and innovation in the fintech industry.
- Sean Desmond's extensive background in fintech, spanning roles at nCino and previous companies like Informatica and Platinum Technologies, positions him well for leading the business and investing efforts of the company.
- The appointment of a technology veteran like Chris Gufford as the new Chief Product Officer and the inclusion of both Desmond and Naudé in the nCino board demonstrates a commitment to maintaining industry knowledge and driving business growth.
- The successful fintech company, nCino, continues to expand its global customer base, recently signing a deal with FullCircl, while also showing significant growth in revenue and financial performance, underscoring its presence in the technology sector.
