Guidewire appoints Mike Rosenbaum to its Board as CEO alongside Marcus Ryu stepping to Chairman

– USA, CA –  Guidewire Software, Inc. (NYSE: GWRE) today announced the appointment of Mike Rosenbaum, former EVP Product at Salesforce, as CEO and to the Board of Directors. Marcus Ryu has transitioned to become Chairman of Guidewire’s Board of Directors. Former Chairman, Peter Gassner, will continue to serve as an independent director.

“Guidewire is building on its market leadership position in mission-critical applications for P&C insurers to now deliver the leading cloud-based platform for the P&C industry. Mike’s experience in leading product development and go-to-market strategy at the world’s leading cloud enterprise software company make him the ideal leader to accelerate our progress,” said Mr. Ryu.

He added, “In addition to his leadership credentials, I am gratified that Mike so clearly evinces our values of integrity, rationality, and collegiality. My own journey with Guidewire continues in a new role, and I am eager to support him and the Guidewire team in the service of our customers for years to come.”

“We thank Marcus for co-founding and serving Guidewire since 2001 and welcome him into his new role as Chairman,” said Peter Gassner, Guidewire director. “We’re very excited to have Mike on board as CEO. His leadership and cloud experience will be instrumental as we look toward our next chapter of growth.”

About Mike Rosenbaum

Since joining Salesforce more than a decade ago, Mike Rosenbaum has held several leadership positions and driven many of Salesforce’s most notable product achievements. Most recently, he served as EVP Product, with responsibility for customer success, vision, and product development for the world’s #1 CRM platform. He was appointed by Guidewire’s Board of Directors after an extensive selection process. Mr. Rosenbaum’s priorities will include building upon Guidewire’s position as the leading software provider to the global P&C industry, ensuring the success of the Guidewire customer community, and further advancing Guidewire’s cloud offerings.

“I am honored to have the opportunity to serve as Guidewire’s CEO,” said Mr. Rosenbaum. “I applaud what the company has achieved and deeply appreciate its values and focused commitment to the P&C insurance industry. I’m excited about the opportunity to work with Marcus and the entire team and to play my part in the company’s future success.”

About Guidewire Software

Guidewire delivers the industry platform that Property and Casualty insurers rely upon to adapt and succeed in a time of accelerating change. We provide the software, services, and partner ecosystem to enable our customers to run, differentiate, and grow their business. We are privileged to serve more than 350 companies in 40 countries.

For more information: https://www.guidewire.com

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