Duck Creek Technologies Announces New Chief Financial Officer

Company appoints Teresa M. Kim, experienced technology finance executive, to oversee finance and accounting functions

Duck Creek Technologies Announces New Chief Financial Officer

Teresa Kim, Duck Creek Technologies CFO

BOSTON, Sept. 11, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the appointment of Teresa M. Kim as chief financial officer (CFO). Kim is an accomplished senior finance leader with a strong background and history in cloud computing, technology platforms, and “Big Four” public accounting. She joins Duck Creek following a 20-year tenure with Akamai Technologies (Akamai), a worldwide content delivery network and cloud service company, where she most recently served as vice president (VP) of finance in their cloud technology group overseeing $2 billion-plus in revenues while helping the business to build a scaling world-class platform. While at Akamai, she also was VP of finance in their media and carrier division helping to lead strategic media customer contract negotiations. Previously, she held a role as assistant controller overseeing global accounting and operations leading a large team of 120 professionals and building out finance centers of excellence in India and Poland.

Prior to Akamai, Kim served as a senior auditor with Ernst &Young (EY), supporting clients in EY’s technology, communications, and entertainment sector. She began her career in financial consulting roles with KPMG and Economic Analysis Corporation before moving into public accounting.

“Teresa is a dynamic and thoughtful leader with strong financial acumen, client focus, and experience across cloud and platform technology operations. As Duck Creek continues to focus on international growth and SaaS maturity, she will be a tremendous asset in helping to direct our own strategic transformation and optimize our financial operations,” said Mike Jackowski, CEO of Duck Creek. “This is an exciting time for all of us at Duck Creek and I am confident her talent will help us to continue creating value for our customers, partners, and stakeholders.”

Kim adds, “I’m excited to join Duck Creek as it strengthens its leadership position in the global insurance industry. I’m honored to have the opportunity to work closely with Mike and the entire Duck Creek team during a period of accelerated growth.”

Kim earned her Bachelor of Arts degree with a focus in economics and minor in Asian American studies from UCLA. She earned her MBA and a master’s degree in accounting from Northeastern University. Kim is based in the greater Boston area.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Contact

Drake Manning
Duck Creek Technologies
drake.manning@duckcreek.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4a0ac0b9-1a79-4e33-a4bb-d27139e4383d

GlobeNewswire Distribution ID 8919541

Consumption: the FAO index fell to its lowest in 2 years

International prices of food products are in decline more than a year after Russia's invasion of Ukraine. Last August, the FAO price index which tracks the evolution of food prices reached 121.4 points. This figure, down compared to that of July (124 points), represents the lowest level in two years. This downward dynamic made it possible to offset the appreciation in rice and sugar prices over the period under review.

Source: Africa News Agency

Financial market: Senegal mobilizes 30.265 billion FCFA

While seeking an amount of 30 billion FCFA on the financial market, Senegal was offered overall bids of 40.265 billion FCFA. This corresponds to a coverage rate of the amount auctioned of 134.22%. The amount of the accepted bids is 30.265 billion FCFA and that rejected is 10 billion FCFA. This gives an absorption rate of 75.16%.

Source: Africa News Agency

Kenya: horticultural export earnings increased to $475 million

Kenya raked in $475 million in revenue from its shipments of horticultural products between January and June 2023. This represents an increase of 7.16% compared to the income of 64.84 billion shillings ($443 million) recorded in during the same period last year. This improvement is mainly explained by an appreciation of the euro, the value of which increased by 16.54% compared to the schilling during the period considered while the European Union represents the main outlet for the Kenyan sector.

Source: Africa News Agency

Africa officially a member of the G20: a victory and challenges

“Being systematically invited is no longer enough… First, a seat allocated to a collective organization would not be incongruous, the G20 being in fact made up of nineteen countries plus the European Union. Secondly, it would be less a favor than a geopolitical evidence providing legitimacy and authority.” It is in these terms that Macky Sall, former president of the African Union, pleaded Africa's cause for an official seat in the G20. With more than 15% of the 8 billion people who make up the world's population, Africa could hardly be satisfied with this status of “eternal guest” and the only South Africa in the G20. Now that membership is in place, what will change? “The entry of the African Union into the G20 will give a voice and visibility to Africa, the continent which today shows the fastest growth,

But this membership comes in a global context marked by the harmful effects of climate change which imposes a radical change in the use of energy.

Reviewing the global financial system

If for the industrialized countries the question is less complicated, for the countries which bet enormously on the exploitation of hydrocarbons, the shift is more difficult to initiate. A complex subject that the participation of the African Union in the G20 should help to better put on the table. Today, to finance this energy transition, developing countries seem left to their own devices. For good reason, to support them, developed countries had pledged to provide 100 billion dollars a year in climate finance. An envelope which is slow to be disbursed, while the climate issue becomes more and more pressing.

Beyond issues related to food insecurity, climate change, energy transition… this membership should allow Africa to ask crucial questions related in particular to the financing of economies. The Indian Prime Minister did not fail to emphasize this and challenge the Bretton Woods institutions. For Narendra Modi, this integration should enable the continent to be better represented, but above all to influence the evolution of the global financial system, of which he is calling for urgent reforms, in particular from the World Bank and the International Monetary Fund, which still obliges African countries to pay more than others to borrow money, thus worsening their debt.

Today, even if there is still a way to go, an important step has been taken, at least in advocacy. On his Twitter account, the Chairperson of the AU Commission, Moussa Faki Mahamat indicated that “this membership for which we have mobilized will provide a favorable framework to amplify advocacy in favor of the continent and for its effective contribution to meeting the World challenges”. Even if progress is real, Africa will still have to wait on several equally crucial issues. The crisis between Russia and Ukraine has only been weakly adopted while it continues to have real impacts on African economies, given their dependence on cereals from these two countries. South African President Ramaphosa did not fail to recall that “developing economies are the first to be affected by climate change, while they are the least responsible for this crisis”. So many challenges and issues which, in one way or another, will have to be put on the table. And Africa will be able to rely on its own voice.

Source: Africa News Agency

LP appoints Rep Okere as chairman, Imo guber campaign council

The Labour Party (LP) has appointed Rep. Tochukwu Okere as the chairman of its Imo governorship campaign council, ahead of the Nov. 11 poll.

Chief Chime Nzeribe, the Director-General of the Sen. Athan Achonu Campaign Organisation said this in a statement on Monday in Abuja.

Nzeribe said that Okere, who represent Owerri Federal Constituency at the National Assembly, would be assisted by Mathew Nwogu, Chikwem Onuoha and Chika Mmadumere who would all serve as the Deputy Chairmen.

He said that the constitution of the Campaign Council was to strategise for the governorship election.

“Our campaign is in full gear and we are very prepared to take back Imo, hence we are inaugurating our campaign council made up of eminent people of Imo and great party men,” he said.

Source: News Agency of Nigeria