Amdocs Announces Shimie Hortig to Succeed Shuky Sheffer as President and CEO, Effective March 31, 2026
Rhea-AI Summary
Amdocs (NASDAQ:DOX) announced on February 3, 2026 that Shuky Sheffer will retire and Shimie Hortig will succeed him as President and CEO, effective March 31, 2026. The board cited continuity and confidence in Hortig, who currently leads Amdocs' Americas group and has more than two decades of industry experience.
The release highlights Sheffer's seven-year CEO tenure and Amdocs' transformation into a cloud-native, AI-enabled provider, with board emphasis on sustaining growth and GenAI-led strategy under new leadership.
Positive
- Planned CEO transition effective March 31, 2026
- Board expresses full confidence in Shimie Hortig's leadership
- Shimie Hortig has more than two decades of technology and telecom experience
- Outgoing CEO Shuky Sheffer completed seven years as CEO
Negative
- Loss of long-tenured executive: Sheffer departs after more than three decades with the company
Market Reaction
Following this news, DOX has gained 4.82%, reflecting a moderate positive market reaction. Our momentum scanner has triggered 12 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $77.59. This price movement has added approximately $367M to the company's valuation. Trading volume is very high at 3.4x the average, suggesting strong buying interest.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
DOX declined 1.13% with elevated volume while close peers showed mixed moves: KVYO +1.26%, DBX +0.83%, GTLB +1.23%, INFA +0.08%, and WIX -3.36%, pointing to a stock-specific reaction rather than a broad software move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 15 | Annual report filing | Neutral | +1.1% | Form 20‑F annual report filed for fiscal 2025 with full financials. |
| Dec 09 | GenAI platform deal | Positive | +0.2% | e& UAE selected Amdocs’ amAIz generative AI platform for telco systems. |
| Nov 11 | connectX launch | Positive | -1.8% | Smart launched Amdocs connectX SaaS and KiQ app to target Gen Z users. |
| Nov 11 | Telia BSS agreement | Positive | -1.8% | Multi-year deal with Telia Finland to build next-gen digital BSS platform. |
| Nov 11 | Vivo OSS modernization | Positive | -1.8% | Multi-year agreement with Vivo to modernize OSS using cloud-native solutions. |
Customer and partnership wins tied to GenAI and BSS/OSS modernization have sometimes seen negative next-day moves, indicating occasional sell-the-news behavior on otherwise positive operational updates.
Over the past several months, Amdocs reported multiple strategic milestones. An Annual Report on Form 20‑F for fiscal 2025 and related filings were accompanied by a modest +1.09% move. GenAI-focused wins, such as the e& UAE selection of Amdocs’ generative AI platform, saw a small +0.19% reaction. However, a cluster of November 11, 2025 announcements—Smart’s connectX launch, Telia Finland’s BSS agreement, and Vivo’s OSS modernization—each coincided with a -1.79% move, despite being strategically positive, showing that strong commercial news has not always translated into short-term price gains.
Market Pulse Summary
This announcement outlines a planned CEO succession, with Shimie Hortig set to take over on March 31, 2026. The board highlights continuity, stressing his long tenure and experience in cloud and generative AI initiatives. Historically, Amdocs has paired governance updates with steady operational progress, including strategic partnerships and multi-year customer agreements. Investors may watch how leadership transition messaging aligns with future filings, major customer wins, and execution in cloud-native and GenAI-driven offerings.
Key Terms
cloud-native technical
generative AI technical
genai technical
digital transformation technical
mission-critical operations technical
AI-generated analysis. Not financial advice.
JERSEY CITY, NJ / ACCESS Newswire / February 3, 2026 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that Shuky Sheffer, President and Chief Executive Officer of Amdocs Management Limited, has decided to retire and will be replaced by Shimie Hortig, currently Group President of the Americas Business Group.
"On behalf of the Amdocs Board, I want to express our profound gratitude to Shuky Sheffer for his exceptional leadership and his unwavering commitment to Amdocs over more than three decades," said Eli Gelman, Chairman of the company's board of directors. "Shuky successfully navigated the company through times of significant shifts during the global pandemic and technology disruption. Under his stewardship, Amdocs has transformed into a cloud-native, AI-enabled powerhouse while maintaining its position as the industry's most trusted partner for digital transformation. His notable achievements include driving innovation, expanding our cloud portfolio, advancing our capabilities in artificial intelligence and generative AI, and delivering consistent shareholder value."
Mr. Gelman continued: "Shimie Hortig is the clear and natural choice to lead Amdocs into its next chapter. A reputable industry leader, he is highly regarded and trusted by Amdocs' customers and partners. Shimie has been a prominent member of the Amdocs executive management team for many years. His proven ability to drive the company's strategy, generate growth, and adapt to changing market trends while providing meaningful value to our customers, uniquely positions him to lead the company in this exciting new GenAI era. The Board has full confidence in Shimie's leadership and in the continuity this planned transition provides."
"It has been the greatest privilege of my professional life to lead this incredible organization and its talented people for the past seven years. I am immensely proud of what we have accomplished together: we didn't just navigate the shift to the cloud and the rise of GenAI; we transformed Amdocs into a true catalyst for the digital age," said Shuky Sheffer. "As Amdocs enters its next chapter of emerging innovation, I am certain there is no better leader than Shimie to take the helm. Having partnered with him for years, I have seen his unique ability to turn complex technological shifts into tangible growth. Shimie brings a unique combination of strategic vision, deep industry knowledge, and strong execution. I am proud to hand over the reins to a leader who will build on our momentum and accelerate our journey in the AI era."
Mr. Hortig holds a Master of Business Administration (MBA) and Bachelor's degree in Economics from Tel Aviv University and has more than two decades of experience in the technology and telecommunications industry. During his tenure at Amdocs, he has held a series of senior corporate and finance roles followed by business leadership roles with increasing responsibility across Amdocs' largest and most strategic customers and growth domains. As President of the Americas Group, he has led Amdocs' largest region, deepening relationships with major customers, driving growth initiatives, and expanding strategic partnerships.
"I am honored to step into the role of President and Chief Executive Officer of Amdocs at a defining moment for the industry," said Shimie Hortig. "Amdocs is uniquely positioned at the intersection of cloud, AI, and mission-critical operations for the world's leading service providers. Building on the strong foundation created by Shuky and the leadership team, my priority is to be the leading partner of our customers in their digital and GenAI transformation journey. We will remain focused on deep customer partnership, disciplined delivery, and converting technological leadership into durable growth and shareholder value."
Supporting Resources
Keep up with Amdocs news by visiting the company's website
About Amdocs
Amdocs helps the world's leading communications and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale. We provide software products and services that embed intelligence into how work runs across business, IT, and network domains - delivering measurable outcomes in customer experience, network performance, cloud modernization, and revenue growth. With our talented people, and more than 40 years of experience running mission-critical systems around the globe, Amdocs runs billions of transactions daily. Our technology is relied on every day, connecting people worldwide and advancing a more inclusive, connected world. Together, we help those who shape the future to make it amazing. Amdocs is listed on the NASDAQ Global Select Market (NASDAQ: DOX) and reported revenue of
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2025, filed on December 15, 2025.
Contact:
Matthew Smith
Head of Investor Relations
Amdocs
314-212-8328
E-mail: dox_info@amdocs.com
SOURCE: Amdocs Management Limited
View the original press release on ACCESS Newswire
FAQ
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