People Moves: David Khuat-Duy

Ivalua has announced that its founder, David Khuat-Duy, is assuming a newly-created role of Chief AI Officer, passing the CEO position to Franck Lheureux, who has served in executive roles at Ivalua for the past seven years, most recently as Chief Revenue Officer. The shift in executive positions is intended to further accelerate the business impact of generative AI (Gen AI) within Ivalua and for its customers while ensuring continued rapid growth and customer satisfaction. David will continue to serve as Executive Chairman of Ivalua’s Board.

Advances in Gen AI have created tremendous opportunities for organisations to improve efficiency, decision-making and reduce costs. Ivalua has invested heavily in delivering innovative agentic AI capabilities embedded in its source-to-pay platform. 

Its unique approach ensures maximum security, usability and flexibility in defining and refining use cases. By focusing his efforts in this new role, David will be able to better ensure the rapid developments in AI are fully harnessed in Ivalua’s platform to improve business results for Ivalua and its customers.

“AI capabilities are evolving at a breakneck pace and are set to transform how we work and how businesses operate,” said David. “Ivalua has built the solid foundation needed to benefit from advances in large language models and unlock the promise of AI. In this new, focused role I will be able to ensure our employees and customers can maximise the impact from this exciting technology.”

Franck Lheureux has overseen exponential growth at Ivalua since joining Ivalua in 2018. In total, he brings 25 years of experience driving growth at enterprise software companies. Franck is a Supply Chain fellow, supporting Digital Transformation programs at Fortune 500 companies around the world.

“It is an honor to assume leadership of such a successful, innovative company like Ivalua”, said Franck.

“Our award-winning culture has been the secret ingredient to our success and I intend to maintain that while further accelerating growth.” 

Ivalua has been regularly named a top employer, including recent Comparably awards for Best Culture, Outlook and Best Company for Diversity, Happiness and Career Growth. 

Additionally, Ivalua has consistently been recognised as a leader by top industry analysts for the strength of its technology, vision and customer satisfaction. Ivalua’s close partnership with customers and partners and advanced technology have resulted in an industry-leading customer retention rate of 95-100% for over 20 years.

To read the full article in the magazine, click HERE.

Explore the latest edition of Procurement Magazine and be part of the conversation at our global conference series, Procurement & Supply Chain LIVE.

Discover all our upcoming events and secure your tickets today.

Procurement Magazine is a BizClik brand