Marco Santos to become CEO of GFT Technologies SE

Stuttgart, Germany, and New York, New York March 27, 2024 – The Administrative Board of GFT Technologies SE today appointed Marco Santos as the new CEO of the digitalization group. The 48-year-old will take office on 1 July 2024 and will initially lead GFT as Co-CEO together with Marika Lulay until the end of the year. Marika Lulay (61) will leave the Group Executive Board at the end of her contract on 31 December 2024. In addition to his current role, Jochen Ruetz (56), CFO of GFT Technologies SE, will become Deputy CEO as of 1 January 2025.

Santos has held leading roles at GFT since 2011. He was  initially the Country Manager of GFT Brazil and then headed up GFT’s Latin American operations. In 2020, he also assumed responsibility for GFT USA and was appointed to the GFT Group Executive Board. During this time he oversaw a period of rapid growth especially of GFT Brazil.  In 2023, he was promoted to CEO at GFT Americas leading operations throughout North and Latin America.

Ulrich Dietz, Chairman of the Administrative Board of GFT Technologies, said: “Marco Santos is a guarantor of growth and innovation. He has proven this time and again throughout his career at GFT, both in North and Latin America. He has built strong teams and opened up new markets. He is consistently among the first to use the potential of new technologies, such as artificial intelligence, for the benefit of GFT and our clients.”

“I would like to thank the Administrative Board for their trust and look forward to shaping the future of GFT Technologies as CEO," says Marco Santos. "GFT's development in recent years shows the enormous potential of our strong team with over 12,000 talents in 20 key markets. Our goal is therefore clear, we are steering the company towards an exponential future.”

The Administrative Board has also appointed Jochen Ruetz, CFO of GFT, as Deputy CEO. He has many years of capital market and business experience and has been CFO of GFT Technologies SE since 2003. The Administrative Board today extended Jochen Ruetz's contract once again until 31 December 2029.

“Over the past two decades, Jochen Ruetz has been a key figure in the success and professionalism of GFT,” says Ulrich Dietz. “His sound financial expertise, leadership skills and strategic foresight are important foundations for a new era of growth. He is therefore predestined to be Deputy CEO.” 

“I am delighted that Marco and Jochen will continue to develop GFT together,” says Marika Lulay. “I have been working very closely and trustingly with both for many years. I therefore know that both live the values of GFT and cultivate a management style that will motivate our teams around the world to reach new heights of performance.”

Looking back on Marika Lulay's tenure and ahead to the future of GFT, Ulrich Dietz said: “Marika Lulay has shaped GFT for over 20 years, first as COO and then as CEO. Together with our team, she has developed GFT into a company that occupies a leading and recognized position worldwide. The successful international expansion in particular is largely due to Marika Lulay's strategy. The Administrative Board would like to thank her for her unconditional commitment. She has set high standards for her successors. With Marco Santos and Jochen Ruetz, we have found an excellent succession plan that emphasizes continuity and our ambitions for exponential growth. I am sure that GFT will continue to develop successfully with the new team.”