Thoughtworks CEO Guo Xiao to Step Down; Board Appoints Industry Veteran, Mike Sutcliff, as CEO

Thoughtworks Holding, Inc. (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering, announced today that Guo Xiao is stepping down from the role of Chief Executive Officer and Director. The Board of Directors has selected Mike Sutcliff to succeed Guo Xiao as Chief Executive Officer and Director. The changes will be effective June 17, 2024, and Guo Xiao will remain as an advisor to Thoughtworks to support the transition.

“On behalf of the Board, I would like to thank Xiao for his enormous contribution to Thoughtworks. His leadership has been foundational in developing Thoughtworks as an industry leader and home to the world’s best technologists,” said Ian Davis, Chair of the Thoughtworks Board of Directors. “Under Xiao’s leadership, Thoughtworks achieved many significant milestones, including becoming a billion-dollar enterprise. More recently Xiao has been the architect of a new operating structure and approach for Thoughtworks and spearheaded the development of our AI strategy and service offerings. He leaves Thoughtworks well positioned for future growth and client impact.”

Ian Davis continued, “We’re delighted to welcome Mike who has the leadership track record and breadth of technology and business experience we believe are critical to lead Thoughtworks through the next phase of growth. Mike has a strong understanding of how technology can transform business, honed through a distinguished career at Accenture and entrepreneurial experience leading multiple technology startups. His focus on leading with innovation, developing deep client relationships, creating a culture of inclusion and a strong track record of creating technology-enabled solutions, will build on Thoughtworks’ rich technology heritage and strong reputation of outstanding industry and client impact.”

Guo Xiao said, “It has been a privilege to be a Thoughtworker, learning from the best and brightest in our industry. I am proud of what we have accomplished, growing the business and delivering extraordinary impact for our clients around the world. We have achieved this collectively through our culture of innovation, continuous learning and technology excellence. I know Mike will bring the same passion for the work, our clients and our people and I will continue to work closely with him and the team to ensure a smooth transition.”