Fintech company nCino announced that Sean Desmond will be its new president and chief executive officer, effective immediately. Your complimentary guest account includes access to a limited number of articles.

Succeeding Desmond as Chief Product Officer is Chris Gufford, who has been the Executive Director and General Manager of nCino Commercial Banking since 2021.

Shares of nCino, Inc. (NASDAQ: NCNO) fell 3.3% after the company announced the appointment of Sean Desmond as President and Chief Executive Officer, effective immediately. The market's response to this leadership transition comes amidst a period of close scrutiny on the company's bookings engine.