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Guidewire Software Names New CEO
Marcus Ryu, Company Co-Founder, Becomes Chief Executive Officer
Guidewire Software, a leading provider of flexible core systems to property/casualty insurers, today announced that Marcus Ryu, a Guidewire co-founder, has assumed the role of chief executive officer.
As CEO, Marcus Ryu is responsible for the day-to-day operations and future direction of Guidewire Software. Marcus is a co-founder of Guidewire; serving in a key leadership role and on the company’s Board of Directors since the company’s founding. Marcus succeeds John Raguin as CEO.
“We are in a great position today — recently finishing our best fiscal year ever — because of John’s leadership and perseverance,” said Marcus Ryu, chief executive officer, Guidewire Software, Inc. “All of us at Guidewire are deeply indebted to John’s service to the company and we wish him and his family the very best. I am deeply honored to have the opportunity to succeed him in leading this great team.”
“I have enjoyed my time as CEO immensely and congratulate Marcus on his new role,” said Raguin, also a Guidewire co-founder. “Guidewire has experienced rapid growth and has built a strong reputation in the P/C industry. I am very proud of the amazing things accomplished by Guidewire’s employees, partners and customers. Being based in California near company headquarters and having tremendous experience in all aspects of Guidewire’s operations, Marcus is the ideal leader for the company’s next phase of growth.”
John will continue to work with Guidewire in the capacity of Vice President and Executive Advisor.
About Guidewire Software
Guidewire Software is a provider of core system software to the global Property/Casualty (general) insurance industry. Designed to be flexible and scalable, Guidewire solutions give insurers the capability to deliver excellent service, increase market share and lower operating costs. Guidewire InsuranceSuite™, consisting of Guidewire PolicyCenter®, Guidewire ClaimCenter® and Guidewire BillingCenter® spans the key functional areas in insurance – underwriting and policy administration, claims management, and billing. Guidewire is headquartered in San Mateo, California, with offices in Beijing, Dublin, Hong Kong, London, Munich, Paris, Sydney, Tokyo, and Toronto. For more information, please visit www.guidewire.com.
