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Ivalua Announces Leadership Transition to Drive Generative AI Innovation

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Ivalua Announces Leadership Transition to Drive Generative AI Innovation

Ivalua Announces Leadership Transition to Drive Generative AI Innovation

PR Newswire

Published on : Jan 21, 2025

Ivalua, a global leader in spend management, has announced a significant leadership transition. Founder David Khuat-Duy will step into the newly created role of Chief AI Officer, while Franck Lheureux, who has been with Ivalua for seven years, will take over as CEO. This move aims to enhance the integration of Generative AI into Ivalua's solutions while sustaining rapid growth and customer satisfaction.

David Khuat-Duy’s New Role

  • As Chief AI Officer, David Khuat-Duy will focus exclusively on accelerating the integration of Generative AI into Ivalua’s platform.
  • The goal is to harness AI to improve efficiency, decision-making, and cost reduction for customers.
  • David will remain Executive Chairman of Ivalua’s Board, ensuring strategic oversight.

Franck Lheureux’s Appointment as CEO

  • Franck Lheureux, with over 25 years of experience in enterprise software, has driven exponential growth at Ivalua since joining in 2018.
  • As CEO, Franck aims to maintain Ivalua’s award-winning culture and accelerate its expansion.
  • He is renowned for supporting Digital Transformation programs for Fortune 500 companies worldwide.

Why This Transition Matters

Generative AI is rapidly transforming industries, creating opportunities for businesses to optimize operations. Ivalua’s focus on embedding AI into its Source-to-Pay platform positions it as a leader in:

  • Enhancing Security and Usability: AI-powered tools tailored to customer needs.
  • Driving Innovation: Leveraging large language models for actionable insights.
  • Delivering Results: Improving decision-making and cost efficiency for clients.

Words from Ivalua’s Leaders

David Khuat-Duy, Chief AI Officer

"AI capabilities are evolving at a breakneck pace and set to transform how businesses operate. Ivalua’s strong foundation allows us to unlock the promise of AI and maximize its impact for our customers and employees."

Franck Lheureux, CEO

"It is an honor to lead Ivalua, a company with such a rich culture and innovative technology. I am committed to fostering our culture while accelerating growth to achieve even greater heights."

Ivalua’s Continued Excellence

  • Top Employer Recognition: Named by Comparably for Best Culture, Diversity, Happiness, and Career Growth.
  • Customer Satisfaction: Maintains a 95-100% retention rate for over 20 years.
  • Industry Leadership: Consistently recognized by analysts for technology, vision, and customer partnerships.

With this leadership transition, Ivalua reaffirms its commitment to innovation and excellence in spend management. By leveraging Generative AI, the company aims to set new benchmarks in efficiency, decision-making, and customer satisfaction.