EPAM Systems Announces Leadership Transition
In a significant move for EPAM Systems, Inc. (NYSE: EPAM), a prominent provider of digital transformation and engineering solutions, Principal Founder and CEO Arkadiy Dobkin will transition to the role of Executive Chairman. Balazs Fejes, currently the President of Global Business and Chief Revenue Officer, is appointed as the new CEO and President, effective September 1, 2025.
Arkadiy Dobkin's Ongoing Vision
As Executive Chairman, Dobkin plans to stay actively engaged with EPAM's mission and future. He will focus on supporting the company's strategic initiatives and brand position globally. Throughout his tenure, he has built an enduring vision at EPAM, fostering innovation and broadening the team's expertise that now consists of over 61,000 professionals across 55 countries. His commitment to the company's future ensures it remains positioned to tackle the challenges in the rapidly evolving tech landscape.
Reflecting on His Journey
Dobkin shared, "Over the past three decades, EPAM has been a defining project in my career, rooted in the belief that technology has the power to transform lives. Today, with our reach and impact, I am confident that we can navigate future challenges and expand on a foundation of engineering excellence and relentless innovation."
Board's Confidence in Transition
Lead Independent Director Richard Michael Mayoras expressed commendation for Dobkin’s contributions, emphasizing that his leadership has been foundational in steering EPAM from a small startup to a major player in Digital Engineering and Consulting services. The board is poised for a seamless transition and is optimistic about the company’s direction under Fejes' leadership.
Balazs Fejes: A Proven Leader
Balazs Fejes, who has been with EPAM for over 20 years, brings extensive experience to his new role as CEO. His history within the company reflects a deep understanding of both strategic and operational facets essential for leadership. Fejes has played vital roles in many facets of the business, including as CTO and President of Global Business, and is ready to lead EPAM into its next phase.
Commitment to Continued Growth
Fejes stated his honor in taking the helm during such a pivotal time, noting, "I aim to build upon the foundation laid by Arkadiy, expanding our consulting capabilities and advancing our clients' journeys in the realm of GenAI, which is crucial for staying ahead in the competitive technology landscape."
Recent Financial Performance and Future Prospects
Additionally, EPAM recently shared its results for the first quarter of 2025. The company’s performance highlights its significant growth trajectory, with expectations to exceed $5 billion in annual revenue. A conference call to discuss the financial results will be accessible online, illustrating the company’s transparency and commitment to engagement with stakeholders.
About Arkadiy Dobkin
Arkadiy Dobkin has led EPAM’s transformation into a global leader in digital transformation. His insights helped establish a unique service model in software engineering and digital consulting that resonates across various industries. Not only has he guided significant milestones like the company's IPO in 2012, but he also significantly contributed to its inclusion in the S&P 500 and Fortune 100 lists.
About Balazs Fejes
Balazs Fejes, the new CEO, is recognized for his innovative leadership. His experience includes guiding EPAM’s operations in Europe and APAC, and liaising global client engagement. His strategic skills and technical background were refined during his early days as a software engineer and CTO, shaping him into an instrumental figure for EPAM.
About EPAM Systems
Founded in 1993, EPAM Systems, Inc. (NYSE: EPAM) is a leader in digital engineering and consulting services. The firm excels in delivering tailored technology solutions and leveraging AI to foster innovation. EPAM integrates diverse knowledge across disciplines while focus on client-specific strategies to ensure meaningful advancements in their operational capabilities.
The company consistently emphasizes a culture of engineering excellence and embraces innovative solutions that truly make a difference. Recognized among the top firms in its sector, EPAM remains committed to its growth trajectory and potential for future success.
Frequently Asked Questions
1. What is the significance of the leadership transition at EPAM?
This transition reflects a strategic decision to evolve the company’s leadership structure while maintaining continuity in vision and operational direction.
2. Who will take over as CEO at EPAM?
Balazs Fejes, currently the President of Global Business, will step into the role of CEO.
3. What role will Arkadiy Dobkin play after the transition?
Arkadiy Dobkin will serve as the Executive Chairman, focusing on strategic initiatives and company vision.
4. How has EPAM's performance been recently?
EPAM is on track to surpass $5 billion in annual revenue as stated in its recent financial reports.
5. What sets EPAM apart in the technology sector?
EPAM is distinguished by its strong engineering expertise and commitment to delivering innovative digital solutions tailored to client needs.
