Rajat Bahri and Jim Moffatt Appointed Interim Co-CEOs
Moffatt Appointed Chair of the Icertis Board of Directors; Bahri to Continue Serving as CFO
Icertis, the global leader in AI-native contract intelligence, announced that its Board of Directors has appointed Rajat Bahri, Chief Financial Officer, and Jim Moffatt, a seasoned Chief Executive Officer and Icertis Board Member, as Interim co-CEOs. Moffatt has also been appointed Chair of the Icertis Board of Directors and Bahri will continue serving as CFO to execute on the company’s strategy and drive sustained growth. Anand Subbaraman, who joined Icertis in 2024 with a mandate to accelerate the company’s AI innovation and scale its operations, will serve as an advisor to support a seamless transition. The Board has initiated a search process, with the assistance of a leading executive search firm, to identify the company’s next CEO.
Bahri and Moffatt have decades of experience leading high-growth, global organizations and a complementary mix of strategic and operational leadership, financial acumen and disciplined execution. Each also brings both a strong understanding of Icertis’ business and broad enterprise technology expertise built through their leadership roles across software and professional services organizations.
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“Icertis is entering an exciting new chapter from a position of strength, with strong market momentum, industry-leading innovation, and a clear strategy for its next phase of growth,” said Penny Pritzker, Lead Independent Icertis Director and Chairman of PSP Partners and its affiliates. “The Board has great confidence in Rajat and Jim as they step into these leadership roles. Rajat’s proven track record of financial leadership and deep understanding of the business, combined with Jim’s extensive experience serving as both the Global and U.S. CEO of Deloitte Consulting, during which time he doubled revenue, make them exceptionally well positioned to guide Icertis forward. Together, they bring the strategic vision, operational discipline and customer focus needed to build on the company’s success while the Board conducts a search for our next CEO.”
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“Having served as a member of the Board since 2022 and a member of the Advisory Board prior to that, I have had a front-row seat to Icertis’ growth and success, and I am pleased to be working closely with Rajat, the Board and our leadership team as we capitalize on the significant opportunities ahead,” said Interim co-CEO and Board Chair Jim Moffatt. “We are grateful for Anand’s service and his work to expand the company’s AI capabilities and in scaling operations. As our Board conducts its search for the next CEO, Rajat and I will ensure we do not miss a beat during this important time for our company.”
“With our world-class team and next-generation contracting experience powered by Vera, Jim and I are focused on executing our strategy, delivering exceptional outcomes for our customers and partners and building on the strong momentum across the business,” said Interim co-CEO and CFO Rajat Bahri. “We look forward to working closely with our employees, customers and partners as we continue shaping the future of AI-native contract intelligence and the foundation for an autonomous enterprise.”
“It has been an incredible privilege and honor to be part of the Icertis team,” said Anand Subbaraman. “I am immensely proud of the progress we have made and all that we have accomplished together on behalf of customers and partners. I look forward to watching Icertis continue to innovate, grow and deliver for its customers for years to come.”
