Guidewire adds Jeff Sloan to its board of directors

SAN MATEO, Calif. - Guidewire (NYSE:GWRE) Software (ETR:SOWGn), Inc. (NYSE: GWRE), a provider of software solutions for property and casualty (P&C) insurers, has announced the appointment of Jeff Sloan to its Board of Directors, effective January 21, 2025. Sloan brings a wealth of experience from his previous role as CEO of Global Payments Inc. (NYSE: NYSE:GPN), a prominent provider of payment technology.

Michael Keller, chairman of the board at Guidewire, expressed enthusiasm about Sloan's addition to the board, highlighting Sloan's extensive executive leadership and his expertise in financial services and technology. Keller anticipates that Sloan's insights will be valuable to Guidewire's continued growth and innovation, especially with the Guidewire Cloud Platform now being a trusted platform among global P&C insurers.

Sloan's career includes his tenure as president of Global Payments from 2010 to 2013 and partnership at Goldman Sachs until 2010. He is recognized for steering Global Payments into the Fortune 500, positioning it as a leading software-driven payments business. Additionally, Sloan has been serving on the board of directors of Corpay (NYSE: CPAY) since 2013, further cementing his role as a seasoned leader in the payments industry.

Guidewire serves more than 570 insurers across 42 countries, providing a platform that supports engagement, innovation, and efficiency in the insurance sector. The company prides itself on a strong implementation record, bolstered by the industry's largest research and development team and a strategic partner ecosystem. Guidewire's marketplace also offers an extensive community of solution partners, facilitating integration and innovation for customers.

This move comes as Guidewire continues to assert its position in the market, leveraging data, analytics, digital capabilities, and artificial intelligence to define cloud platform excellence for the P&C insurance industry.

The information reported is based on a press release statement from Guidewire Software, Inc.

In other recent news, Guidewire Software has been making significant strides in the property and casualty insurance industry, with its inclusion in the S&P MidCap 400 and the initiation of coverage by Goldman Sachs with a Buy rating. The company's success in facilitating cloud transitions is notable, with approximately 40 cloud deals per year over the past three years. Goldman Sachs analyst Adam Hotchkiss expressed confidence in Guidewire's prospects, highlighting the company's technological and cost advantages.

Guidewire's shareholders have also approved key proposals, including the compensation of executive officers and the 2024 Employee Stock Purchase Plan. These developments reflect the shareholders' trust in the company's governance and financial metrics.

Several analyst firms have revised their ratings and price targets for Guidewire. DA Davidson reaffirmed its Buy rating for Guidewire and upgraded its price target following a strong fiscal first quarter. However, BofA Securities maintained its underperform rating despite the company's solid performance. RBC Capital Markets increased its price target for Guidewire citing the company's strong financial performance and the closing of five Tier-1 cloud deals. These recent developments highlight the dynamic nature of Guidewire's performance in the market.

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