Cloud banking company nCino has promoted its chief product officer to the role of CEO. The company said Monday that Sean Desmond has taken the top C-suite role and joined the board. Desmond succeeds Chairman Pierre Naudé, who will continue to be actively involved in the company as executive chairman of the board, nCino said.

WILMINGTON, N.C. - nCino, Inc. (NASDAQ: NCNO), a provider of banking software solutions with annual revenue of $523 million and a market capitalization of $3.9 billion, today announced the appointment of Sean Desmond as its new President and Chief Executive Officer,

Succeeding Desmond as Chief Product Officer is Chris Gufford, who has been the Executive Director and General Manager of nCino Commercial Banking since 2021.

Cino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced the appointment of Sean Desmond as President and Chief Executive Officer and as a member of the company’s Board of Directors,

(NCNO), Monday announced that Chief Executive Officer Pierre Naud will be succeeded by Sean Desmond, effective immediately. Naud will continue in the company as executive chair of the Board. Desmond has been serving as chief product officer of nCino.