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Tekion Appoints Binu Mathew as Chief Technology Officer

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Tekion, a leading cloud-native platform for the automotive retail ecosystem, has appointed Binu Mathew as its new Chief Technology Officer (CTO). Mathew brings 30 years of expertise in software product development and strategy, previously holding significant roles at C3 AI, Baker Hughes, Oracle, Hewlett Packard Enterprise, and Citicorp Overseas Software As CTO, Mathew will drive Tekion's technology strategy, focusing on scaling the platform, enhancing AI capabilities, and ensuring robust system security and reliability.

He will lead engineering, product management, and design teams, aiming to accelerate product development and align technological advancements with Tekion's business goals. CEO Jay Vijayan emphasized Mathew's role in meeting the automotive industry's demand for reliable generative AI and expanding Tekion's market presence.

Positive
  • Appointment of an experienced CTO with 30 years in software product development and strategy.
  • Binu Mathew's past roles include Senior VP at C3 AI and positions at Baker Hughes and Oracle.
  • Focus on enhancing AI capabilities and system security.
  • Mathew will lead engineering, product management, and design teams to drive innovation.
  • Mathew's role includes aligning technology with business objectives, important for Tekion's growth.
Negative
  • No specific financial metrics or revenue growth details were provided in the announcement.
  • The press release lacks concrete short-term milestones or KPIs tied to Mathew’s appointment.
  • Potential over-reliance on generative AI, a technology still in its nascent stages, poses risks.

Mathew Brings 30 Years of Expertise in Software Product Development and Strategy

PLEASANTON, Calif.--(BUSINESS WIRE)-- Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced Binu Mathew as the company’s Chief Technology Officer (CTO).

Binu Mathew joins Tekion as Chief Technology Officer, bringing 30 years of experience in software product development and strategy. (Graphic: Business Wire)

Binu Mathew joins Tekion as Chief Technology Officer, bringing 30 years of experience in software product development and strategy. (Graphic: Business Wire)

"We have a tremendous opportunity to meet the automotive industry's demand for reliable generative AI. Tekion is leading the way in fulfilling this need," said Jay Vijayan, CEO of Tekion. "Binu's experience and leadership will be instrumental in scaling our technology platform and expanding our AI capabilities."

In his role as CTO, Binu will drive the company's technology strategy, product development, and delivery – ensuring the seamless integration of AI, data science, and digital innovations to enhance Tekion platform capabilities and the value to its customers. Binu will lead the engineering, product management, and design teams, continuing a culture of innovation and excellence. His responsibilities will include scaling Tekion’s product and technology infrastructure to support rapid growth, enhancing system security, reliability, and promoting cross-functional collaboration to accelerate product development cycles. By aligning technological advancements with Tekion's business objectives, Binu will play a crucial role in driving the company’s continued success and product-market expansion.

"Generative AI is opening immense possibilities for businesses, and it has the potential to revolutionize the entire customer experience for dealers," said Binu Mathew. “I am already impressed by the depth and breadth of Tekion’s platform and the value it is delivering to the automotive industry. I’m excited to join the team and look forward to helping scale the technology capabilities further at a time when both industry tailwinds and company growth are accelerating.”

Binu brings over 30 years of experience in leading product development and strategy at software technology companies. Most recently, he was Senior Vice President of Products and Engineering at C3 AI (NYSE: AI), where he also served as CTO and GM for the Oil & Gas, Energy, and Process Manufacturing sectors. He has held senior executive positions at Baker Hughes (NASDAQ: BKR), where he created next-generation digital products for the energy industry, and Oracle (NYSE: ORCL), where he was Senior Vice President of Development for PeopleSoft and managed a billion-dollar product P&L. His career also includes leadership roles at Hewlett Packard Enterprise and Citicorp Overseas Software Ltd.

About Tekion

Positively disrupting an industry that has not seen disruption in over 50 years, Tekion has challenged the paradigm with the first and fastest cloud-native automotive platform that includes the revolutionary Automotive Retail Cloud (ARC) for retailers, Automotive Enterprise Cloud (AEC) for manufacturers and other large automotive enterprises, and Automotive Partner Cloud (APC) for technology and industry partners. Tekion connects the entire spectrum of the automotive retail ecosystem through one seamless platform. The transformative platform uses cutting-edge technology, big data, machine learning, and AI to seamlessly bring together OEMs, retailers/dealers, and consumers. With its highly configurable integration and greater customer engagement capabilities, Tekion is enabling the best automotive retail experiences ever. For more information, visit www.tekion.com.

Marylou Hastert

press@tekion.com

Source: Tekion

FAQ

Who is the new CTO of Tekion?

Tekion has appointed Binu Mathew as its new Chief Technology Officer.

What experience does Binu Mathew bring to Tekion?

Binu Mathew has 30 years of experience in software product development and strategy, previously working at C3 AI, Baker Hughes, and Oracle.

What will Binu Mathew focus on as CTO of Tekion?

As CTO, Binu Mathew will focus on scaling Tekion's platform, enhancing AI capabilities, and ensuring system security and reliability.

How will Binu Mathew enhance Tekion's technology?

Mathew will drive technology strategy, lead engineering, product management, and design teams, and accelerate product development cycles.

What is Tekion’s primary industry focus?

Tekion focuses on the automotive retail ecosystem, providing a cloud-native platform to meet industry demands.

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