Almost simultaneously, the three publishers of purchasing solution Americans Corcentric, Coupa and Jaggaer have just announced a change of Chief executive officer (CEO) at the head of their organization. In mid-May, following its takeover by the investment company Thoma Bravo, Coupa first communicated on the departure of Rob Bernshteyn, temporarily replaced by Charles Goodman pending the appointment of a new manager. Less than a month later, Jaggaer in turn announced the appointment of a new CEO, Andy Hovancik, in place of Jim Bureau, who had held the position since mid-2019. Finally, Corcentric has just announced that its Executive Chairman, Doug Clark, has appointed Matt Clark to head the company. Without necessarily calling into question their respective strategies, these movements may reflect a certain lack of success for these three publishers in relation to the objectives set and difficulties in strengthening their positioning on the market. the digital purchasing chessboard.
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Almost simultaneously, the three American purchasing solution publishers Corcentric, Coupa and Jaggaer recently announced a major change at the head of their organization by appointing new Chief Executive Officers (CEO). In May, following its acquisition by the investment company Thoma Bravo, Coupa first revealed the departure of Rob Bernshteyn, who was temporarily replaced by Charles Goodman pending the appointment of a new leader. Less than a month later, Jaggaer also announced the appointment of a new CEO, Andy Hovancik, to replace Jim Bureau, who had held the position since mid-2019. Finally, Corcentric recently announced that its Executive Chairman, Doug Clark, has appointed Matt Clark to lead the company.
These significant movements suggest the challenges that these three publishers are facing to achieve their set objectives and consolidate their position on the digital purchasing chessboard. While not necessarily challenging their respective strategies, these leadership changes may reflect a desire to reinvigorate their businesses and address current challenges in the procurement solutions industry. It will be interesting to follow the developments of these companies in the months to come and to see how the new leaders will guide their organization towards new horizons.