Earlier today, we reported the third quarter Fiscal 2025 financial results. We achieved record new bookings, fueled by a combination of new and existing clients and well diversified bookings across geographies and customer use cases. We’re encouraged by the strengthening customer demand for our AI powered solutions and continue to anticipate momentum in new bookings in the fourth quarter of the fiscal year. 

In anticipation of the company’s continued growth, scale and strategic opportunities, we’re making some adjustments to the responsibilities of our senior executive team.  

Laurent Simoneau, our Founder, President and CTO will broaden his duties as President to serve as Coveo’s CEO at the start of the next fiscal year, April 1, 2025. Laurent will receive added operation support working closely with John Grosshans, who will be promoted from his role as Chief Revenue Office to become the company’s Chief Operating Officer, overseeing all revenue, customer and partner operations for the business. Lastly, Marc Sanfacon, one of the company’s co-founders and current SVP, Technology, will be promoted to the role of Chief Technology Officer. 

So, what does this mean for me? I’m not going anywhere. My commitment to the company is unwavering, and given our momentum, and the significant opportunity we see ahead, the timing is right to make these adjustments and broaden the footprint of our senior leadership.  
 
As I step into the full time Executive Chair role, I will focus my energy on industry and market opportunities, to continue to build our relations with customers and Coveo partners and continue to serve as a close mentor and coach for our next generation of leaders.  

Laurent is the right person to take on the role of CEO, having founded this company approximately 20 years ago. He’s always been intimately involved in developing our strategy, driving valuable and distinguished innovation, and making sure that we always maintain a focus on customer outcomes. Laurent’s decisive leadership, deep experience across the entire organization and value chain of our business, and intimate relationship with customers, uniquely positions him to take on the CEO role. 

Please join me in congratulating Laurent, John, and Marc on their promotions.  

I look forward to working closely with them on the next phase of Coveo’s journey.  

This is just the beginning.  

Louis Tetu