• CEO Barak Eilam to step down by end of 2024 after more than 10 years at helm

• Company initiates search for successor

NICE recently announced a significant leadership transition. Barak Eilam, the Chief Executive Officer, has decided to step down from his role effective December 31, 2024. Eilam will continue as CEO until the end of the year to ensure a smooth transition and will participate in the search for his successor. He will also provide strategic consulting support during the first half of 2025.

Leadership Transition Details

• Eilam's Role Until Year-End: Barak Eilam will remain as CEO until December 31, 2024, ensuring a smooth transition process.
• Search for Successor: The Board of Directors, in partnership with a top executive recruiting firm, has initiated the search for the new CEO, considering both internal and external candidates.
• Strategic Consulting in 2025: Eilam will continue to support NICE in a strategic consulting capacity during the first half of 2025.

Achievements Under Barak Eilam's Leadership

• Transformation and Innovation: Eilam's visionary strategy propelled NICE to leadership in the cloud, digital, and AI markets.
• Market Position: Under Eilam, NICE became a key player in the enterprise software market, leveraging cloud technology and AI.
• Growth Metrics:
  • Expanded the total addressable market fivefold.
  • Tripled total revenue.
  • Grew cloud revenue from near zero to $1.6 billion.
  • More than tripled earnings per share.

Board's Acknowledgment

David Kostman, Chairman of the Board at NICE, expressed deep gratitude for Eilam's achievements. He highlighted the company's strong position for future success and the importance of a seamless leadership transition.

Eilam's Reflection

Barak Eilam reflected on his tenure with pride, emphasizing his commitment to NICE's 2024 plan and ongoing innovations. He expressed confidence in the company's future and dedication to supporting the leadership transition.

Barak Eilam's departure marks the end of a transformative decade for NICE. His leadership has left a lasting impact, and the company is well-positioned for future growth. As NICE embarks on the search for a new CEO, the focus remains on innovation and strategic execution to ensure continued success.