Connect with us

Technology

EPAM Announces Planned Leadership Succession

Published

on

Principal Founder and CEO Arkadiy Dobkin to Become Executive Chairman

Balazs Fejes Appointed to Become President and Chief Executive Officer

Succession to be Effective on September 1, 2025

NEWTOWN, Pa., May 8, 2025 /PRNewswire/ — EPAM Systems, Inc. (NYSE: EPAM) (“EPAM” or the “Company”), a leading digital transformation services and product engineering company, today announced that Arkadiy Dobkin, the Company’s Principal Founder, Chairman, Chief Executive Officer and President, will transition to the role of Executive Chairman, on September 1, 2025. As part of the planned succession, Balazs Fejes, EPAM’s President of Global Business & Chief Revenue Officer, will become Chief Executive Officer and President.

As Executive Chairman, Mr. Dobkin will continue his commitment to the Company’s vision and future success. In this role, he will focus on advancing strategic initiatives and supporting the continuity of EPAM’s mission as the Company enters the next phase of its journey. Mr. Dobkin will remain actively engaged in helping to shape EPAM’s long-term strategic direction, maintaining key relationships with clients, partners and investors, providing guidance on critical strategic initiatives and promoting the Company’s brand worldwide. Working closely with the CEO and leadership team, Mr. Dobkin will help ensure that the values, relationships and strategic focus that have defined EPAM for decades continue to guide its future.

“Over the past three decades, EPAM has been the defining project of my professional and personal journey,” said Mr. Dobkin. “We started with a simple belief in the power of global talent and the conviction that software could change the world. Today, with over 61,000 professionals across more than 55 countries, EPAM leads digital transformation efforts worldwide and extends its impact into education, sustainability and humanitarian initiatives. Having successfully navigated multiple waves of change and with continued investments in GenAI-enabled delivery and solutions, I am confident that EPAM is well-positioned to meet future challenges and build on our strong foundation of engineering excellence and innovation.”

“On behalf of the Board, I want to commend Arkadiy’s tremendous dedication to building and growing EPAM from a small engineering services startup to a top-ranked, Digital Engineering and Consulting services company,” said Lead Independent Director, Richard Michael Mayoras. “Arkadiy’s vision and leadership have been instrumental in shaping EPAM’s growth strategy and its succession plan. We are confident that with this thoughtful CEO transition, and Arkadiy’s ongoing role as Executive Chairman, the Company is well positioned to continue its leadership in the IT Services industry and to build on its momentum for long-term growth.”

Throughout his tenure, Mr. Dobkin has led EPAM through key milestones that have shaped its global leadership position:

1993 – Founded EPAM Systems with a vision to deliver world-class software engineering and innovation to global clients.2012 – Led EPAM’s successful Initial Public Offering on the New York Stock Exchange.2015-2021 – Pioneered and firmly established the Digital Product Engineering service model as a global category at enterprise scale and drove EPAM’s global expansion across North America, Europe, APAC and Latin America, broadening its client base and industry reach.2021 – Guided EPAM’s inclusion in the S&P 500 Index, with EPAM named to the Fortune 100 Fastest-Growing Companies list for three consecutive years.2022-2025 – Led EPAM’s humanitarian and strategic initiatives to support tens of thousands of employees during the geopolitical crisis caused by the Russian invasion of Ukraine.2024-2025 – Positioned EPAM as a leader in AI-Native solutions, setting the foundation for the Company’s next era of innovation and growth, while stabilizing operations across Central and Eastern Europe and significantly expanding its presence in India and Latin America.2025 – Led EPAM’s return to growth, positioning the Company to surpass $5 billion in annual revenue.

Mr. Dobkin added, “EPAM’s leadership team has been built over many years, and we believe our roadmap for growth remains clear. Balazs Fejes, better known as FB, joined the Company over 20 years ago and has been a critical part of our growth story. His leadership has been instrumental to EPAM’s development —serving as our first CTO, building our Financial Services Business globally, leading our European and APAC markets and most recently, serving as President of Global Business and Chief Revenue Officer. FB is uniquely positioned to provide both strategic and operational leadership during our next phase of evolution, and his rare combination of business and technical acumen will enable him to continue driving EPAM forward.”

“I am honored to serve as EPAM’s next CEO as we continue advancing the global growth strategy shaped under Arkadiy’s leadership,” said Balazs Fejes. “EPAM is a unique company, with a leadership team that deeply understands and respects what sets us apart in the digital transformation space. I am committed to building on our strong foundation by expanding our engineering and consulting capabilities, helping our global clients accelerate their GenAI-enabled journeys and ensuring we stay ahead as their trusted partner. I am humbled by the trust placed in me by Arkadiy, our leadership team and the Board, and I look forward to working closely with them to achieve our goals.”

First Quarter 2025 Results

In a separate press release issued today, EPAM announced its financial results for its first quarter ended March 31, 2025. The Company will host a conference call at 8:00 AM ET to discuss these results, which will be available live on the EPAM website at https://investors.epam.com.

About Arkadiy Dobkin

Arkadiy Dobkin is the Principal Founder and Executive Chairman of EPAM Systems, Inc. Under his leadership, EPAM has grown from a New Jersey-based start-up with Eastern European roots, into a global leader in digital transformation services, digital platform engineering, and consulting.

Mr. Dobkin has been instrumental in pioneering the software product engineering and IT services industries, helping to open the vast software talent pools of Central and Eastern Europe to the global business community. Over the past three decades, he has guided EPAM through sustained global expansion, innovation leadership, and significant milestones, including its successful Initial Public Offering on the New York Stock Exchange in 2012 and its addition to the S&P 500 and Forbes Global 2000 indices in 2021.

Under Arkadiy’s leadership, EPAM championed and firmly established “Digital Product Engineering” as a global service model category at enterprise scale.

Mr. Dobkin’s leadership and contributions have been recognized globally. He was inducted into the Ernst & Young World Entrepreneur of the Year Academy and the Entrepreneur of the Year Hall of Fame. In 2021, he received the Tatra Summit Business Leadership Award from GLOBSEC for his contributions to the tech business environment across the CEE region and beyond, and he has been recognized as one of Philadelphia Business Journal’s Most Admired CEOs.

He holds a Master of Science degree in Electrical Engineering from Belarusian National Technical University.

About Balazs Fejes

Balazs Fejes serves as EPAM’s President of Global Business & Chief Revenue Officer, where he leads global client engagement, market activities and is responsible for EPAM’s global business operations.

Prior to June 2024, Mr. Fejes served as President of the Europe and APAC Markets, leading business activities in those regions, co-leading global business operations and overseeing EPAM’s banking and financial services business unit. Prior to August 2012, Mr. Fejes served as EPAM’s chief technology officer (CTO) and was responsible for ensuring that EPAM’s global software development centers were at the leading edge of industry standards for efficiency and quality.

Mr. Fejes joined EPAM in 2004 as part of the acquisition of Fathom Technology, a Hungarian software engineering firm which he co-founded and where he served as CTO. Prior to co-founding Fathom Technology Mr. Fejes held senior technical leadership roles at Great Plains (Microsoft Business Solutions) and Scala Business Solutions.

Throughout his career, Mr. Fejes has been a hands-on innovator, visionary architect and software engineer, receiving multiple awards and programming championship honors.

About EPAM Systems

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients’ transformation challenges by focusing EPAM Continuum’s integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients’ time to market and drive greater value from their innovations and digital investments.

We leverage AI and GenAI to deliver transformative solutions that accelerate our clients’ digital innovation and enhance their competitive edge. Through platforms like EPAM AI/RUN™ and initiatives like DIALX Lab, we integrate advanced AI technologies into tailored business strategies, driving significant industry impact and fostering continuous innovation.

We deliver globally but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners, and our people around the world. We believe the right solutions are the ones that improve people’s lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market.

Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as Most Loved Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services.

Learn more at www.epam.com and follow us on LinkedIn.

Forward-Looking Statements

This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets, global trade and the broader economy, the adoption and implementation of artificial intelligence technologies by EPAM and its clients, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company’s most recent Annual Report on Form 10-K and the factors discussed in the Company’s Quarterly Reports on Form 10-Q, particularly under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/epam-announces-planned-leadership-succession-302449324.html

SOURCE EPAM Systems, Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Pope Leo XIV embraces paediatric patients at CNAO in Pavia

Published

on

By

PAVIA, Italy, June 20, 2026 /PRNewswire/ — The National Center for Oncological Hadrontherapy (CNAO) served as the first stop today during Pope Leo XIV’s pastoral visit to the city of Pavia. His choice to begin his journey at this center reflects a profound commitment to fostering meaningful dialogue between advanced scientific progress and the alleviation of human suffering.

CNAO President Gianluca Vago and General Manager Sandro Rossi received His Holiness, illustrating the center’s distinctive capabilities. CNAO stands out as a unique reality in Italy, remaining one of the very few facilities worldwide capable of delivering hadrontherapy using both protons and carbon ions. The technological core of the facility is its synchrotron, a subatomic particle accelerator that generates ultra-high-precision beams to treat complex, inoperable and radioresistant tumours. This cutting-edge technology allows for the targeted eradication of diseased cells while meticulously preserving surrounding healthy tissues, drastically improving patients’ survival and quality of life.

Furthermore, CNAO is expanding its capabilities as a premier multi-center utilizing new ion species, like Helium, later Oxygen and Neon. Soon, treatments will incorporate the Leo Cancer Care upright positioning and imaging system. The immediate future also includes beginning therapies with a Hitachi dedicated proton accelerator and gantry and a BNCT system for metastatic diseases, equipped with an electrostatic accelerator produced by TAE Life Science. With these new technologies, CNAO will become one of the most technologically advanced center in the world.

To date, over six thousand individuals, including approximately three hundred children and adolescents, have benefited from these life-saving treatments.

During his visit, the Pope engaged with CNAO’s Board of Directors, a collaborative body uniting national universities, clinical institutions, and research centers. He also extended his heartfelt greetings to the two hundred employees of the center. These doctors, physicists, engineers, and researchers tirelessly operate the advanced technologies in the service of oncology patients.

The emotional pinnacle of the day was the Holy Father’s private gathering with a delegation of young children who underwent treatment. The paediatric patients and their families shared a deeply touching moment of closeness, receiving the Pope’s comforting embrace.

“The visit of Pope Leo XIV honours us and represents a moment of extraordinary human value”, stated CNAO President Gianluca Vago. “In his encyclical Magnifica Humanitas, the Holy Father emphasizes the necessity of a science that constantly safeguards the centrality of the person and directs technology toward the common good. In a time marked by global tensions, CNAO testifies daily how the incredible power of the atom can be used not to destroy, but to heal. The particle beams we utilize against disease are, symbolically, Rays of Hope, sharing and supporting the IAEA project bearing this name. The embrace the Holy Father reserved for our children reminds us that scientific research finds its most authentic purpose when it encounters listening, compassion, and hope”.

Photo – https://mma.prnewswire.com/media/2997869/Papa_al_Cnao_crediti_Andrea_Perotti.jpg
Logo – https://mma.prnewswire.com/media/2997643/CNAO_Logo.jpg

 

 

View original content:https://www.prnewswire.co.uk/news-releases/pope-leo-xiv-embraces-paediatric-patients-at-cnao-in-pavia-302805799.html

Continue Reading

Technology

HelloNation Article Examines Full Coverage Auto Insurance With Insurance Expert Ben Buenzow

Published

on

By

The article explains what full coverage auto insurance typically includes, what it excludes, and how coverage limits affect Iowa drivers.

URBANDALE, Iowa, June 20, 2026 /PRNewswire/ — What does full coverage auto insurance actually include for drivers in Iowa? That question is answered in a HelloNation article featuring insights from Insurance Expert Ben Buenzow of Buenzow Insurance Group in Urbandale, Iowa.

The HelloNation article explains that full coverage auto insurance is a commonly used phrase that many drivers misunderstand. While the term suggests broad protection, it usually refers to a combination of liability coverage, collision coverage, and comprehensive coverage within an insurance policy. Understanding what these components cover helps drivers avoid gaps in protection and unexpected costs after an accident.

Liability coverage forms the legal foundation of auto insurance in Iowa. The article explains that liability coverage pays for injuries or property damage that a driver causes to others in an accident. State law requires Iowa drivers to carry minimum liability limits, and full coverage auto insurance policies include at least those required limits. However, liability coverage does not pay for damage to the driver’s own vehicle, which is why additional protection is often necessary.

Collision coverage is the part of a policy that helps pay for damage to the driver’s own vehicle after an accident. The HelloNation article notes that collision coverage applies when a vehicle hits another car, a guardrail, or a stationary object. In most cases, the insurer pays the actual cash value of the vehicle or the repair cost minus the policy’s deductible. Insurance Expert Ben Buenzow is featured in the article as a source of insights on how deductibles influence both insurance premiums and out-of-pocket costs during a claim.

Comprehensive coverage addresses a different type of risk. According to the article, comprehensive coverage protects against damage caused by events other than collisions. This includes hail, theft, vandalism, fire, falling objects, or animal-related incidents. For Iowa drivers, weather-related risks such as hailstorms can make comprehensive coverage an important part of a full coverage auto insurance policy.

The HelloNation article also explains that deductibles apply to both collision coverage and comprehensive coverage. The deductible is the amount the policyholder must pay before insurance coverage begins. Drivers can often choose higher or lower deductibles depending on their financial preferences. Higher deductibles typically reduce premium costs but increase the amount paid out of pocket if damage occurs.

Another important takeaway from the article is what full coverage auto insurance does not automatically include. Standard policies usually do not provide roadside assistance, rental reimbursement, or gap coverage unless these features are added separately. The article explains that roadside assistance covers towing or emergency services, while rental reimbursement helps cover the cost of a temporary vehicle during repairs.

Gap coverage is another optional feature highlighted in the article. It is often recommended for drivers who finance or lease newer vehicles. Gap coverage pays the difference between the remaining loan balance and the vehicle’s actual cash value if it is declared a total loss after an accident.

The article also discusses the importance of understanding coverage limits within an insurance policy. Coverage limits determine the maximum amount an insurer will pay for a covered loss. If damage or liability exceeds those limits, the driver may be responsible for the remaining costs. Reviewing coverage limits carefully helps drivers ensure their policy reflects both the value of their vehicle and their financial risk.

Insurance Expert Ben Buenzow is again referenced in the article as part of a broader discussion about how drivers can make informed decisions about Iowa car insurance. The article encourages drivers to evaluate deductibles, coverage limits, and optional protections based on their individual needs.

The HelloNation article concludes by emphasizing that drivers should periodically review their insurance policy. Changes in vehicle value, financial circumstances, and driving habits can all affect the appropriate level of coverage. Understanding the components of full coverage auto insurance helps drivers maintain adequate protection and prepare for unexpected events on the road.

Iowa Auto Insurance: What Full Coverage Includes and Excludes features insights from Ben Buenzow, Insurance Expert of Urbandale, Iowa, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hellonation-article-examines-full-coverage-auto-insurance-with-insurance-expert-ben-buenzow-302805432.html

SOURCE HelloNation

Continue Reading

Technology

HelloNation Clarifies Ohio Waiver Waiting List Classifications For Adults With Disabilities, Featuring Home Healthcare Expert Kellan Roberts Of Canton, Ohio

Published

on

By

The article explains immediate need and current need categories and how families can navigate Medicaid waiver programs.

CANTON, Ohio, June 20, 2026 /PRNewswire/ — What should families of developmental disabilities know about the Ohio waiver waiting list and how immediate need and current need classifications affect access to services? HelloNation provides guidance in an article featuring insights from Home Healthcare Expert Kellan Roberts of R House Home Health Care Services in Canton, Ohio.

The HelloNation article explains that the Ohio waiver waiting list exists because demand for Medicaid waiver programs often exceeds available funding. To manage this gap, counties use service prioritization categories to determine who receives services first. Understanding how these classifications work helps families plan more effectively and reduce uncertainty.

According to the article, immediate need generally refers to adults with developmental disabilities who cannot safely remain at home without prompt services. This may include individuals who have lost caregiver support or experienced a sudden health crisis. In contrast, the current need applies to individuals who require support but whose living situations remain stable enough to wait for waiver programs to become available.

The article emphasizes that documentation plays a critical role in determining placement on the Ohio waiver waiting list. Families must provide medical records, assessments, and supporting information that clearly demonstrate the level of need. Counties review this documentation carefully and may conduct interviews or home visits to confirm circumstances before assigning a classification.

Accurate and updated records are described as essential for proper service prioritization. Needs can change over time, and families are encouraged to notify county offices if circumstances worsen. A person initially categorized under current need may later qualify as immediate need if conditions shift. Staying engaged ensures that updated information is considered during periodic reviews.

While waiting for Medicaid waiver programs to begin, families may need to explore temporary supports. The article notes that personal care services, homemaker assistance, and community programs can help adults with disabilities maintain daily routines and independent living during the waiting period. These interim solutions provide structure and stability while long-term services are pending.

Family planning is highlighted as an important part of navigating the process. Understanding how waiver programs operate, what services they provide, and how classifications are reviewed allows families to make informed decisions. Planning ahead also reduces stress and prepares adults with disabilities for a smoother transition once services are approved.

The article further explains that service prioritization is not static. Counties regularly reassess waiting lists and adjust classifications based on updated information or changes in resources. Families benefit from understanding review timelines and maintaining open communication with county representatives.

Medicaid waiver programs offer a range of supports, including personal care, homemaker services, transportation, and community engagement. The HelloNation article advises families to consider how these services align with long-term goals related to independence, skill development, and community participation. Preparing in advance allows adults with disabilities to transition into services more efficiently when their turn arrives.

Ultimately, the article presents the Ohio waiver waiting list as a system that requires preparation, patience, and active participation. By understanding immediate need and current need classifications, maintaining proper documentation, and staying involved throughout the review process, families can better advocate for timely care and ensure continued safety and stability.

Immediate vs Current Need: How to Navigate the Ohio Waiver Waiting List features insights from Kellan Roberts, Home Healthcare Expert of Canton, Ohio, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hellonation-clarifies-ohio-waiver-waiting-list-classifications-for-adults-with-disabilities-featuring-home-healthcare-expert-kellan-roberts-of-canton-ohio-302805455.html

SOURCE HelloNation

Continue Reading

Trending