EPAM Systems, Inc., a leading digital transformation services and product engineering company, today announced that Arkadiy Dobkin, the Company’s Principal Founder, Chairman, Chief Executive Officer and President, will transition to the role of Executive Chairman, on September 1, 2025. As part of the planned succession, Balazs Fejes, EPAM’s President of Global Business & Chief Revenue Officer, will become Chief Executive Officer and President.
As Executive Chairman, Mr. Dobkin will continue his commitment to the Company’s vision and future success. In this role, he will focus on advancing strategic initiatives and supporting the continuity of EPAM’s mission as the Company enters the next phase of its journey. Mr. Dobkin will remain actively engaged in helping to shape EPAM’s long-term strategic direction, maintaining key relationships with clients, partners and investors, providing guidance on critical strategic initiatives and promoting the Company’s brand worldwide. Working closely with the CEO and leadership team, Mr. Dobkin will help ensure that the values, relationships and strategic focus that have defined EPAM for decades continue to guide its future.
“Over the past three decades, EPAM has been the defining project of my professional and personal journey,” said Mr. Dobkin. “We started with a simple belief in the power of global talent and the conviction that software could change the world. Today, with over 61,000 professionals across more than 55 countries, EPAM leads digital transformation efforts worldwide and extends its impact into education, sustainability and humanitarian initiatives. Having successfully navigated multiple waves of change and with continued investments in GenAI-enabled delivery and solutions, I am confident that EPAM is well-positioned to meet future challenges and build on our strong foundation of engineering excellence and innovation.”
“On behalf of the Board, I want to commend Arkadiy’s tremendous dedication to building and growing EPAM from a small engineering services startup to a top-ranked, Digital Engineering and Consulting services company,” said Lead Independent Director, Richard Michael Mayoras.
“Arkadiy’s vision and leadership have been instrumental in shaping EPAM’s growth strategy and its succession plan. We are confident that with this thoughtful CEO transition, and Arkadiy’s ongoing role as Executive Chairman, the Company is well positioned to continue its leadership in the IT Services industry and to build on its momentum for long-term growth.”
Throughout his tenure, Mr. Dobkin has led EPAM through key milestones that have shaped its global leadership position:
1993 – Founded EPAM Systems with a vision to deliver world-class software engineering and innovation to global clients.
2012 – Led EPAM’s successful Initial Public Offering on the New York Stock Exchange.
2015-2021 – Pioneered and firmly established the Digital Product Engineering service model as a global category at enterprise scale and drove EPAM’s global expansion across North America, Europe, APAC and Latin America, broadening its client base and industry reach.
2021 – Guided EPAM’s inclusion in the S&P 500 Index, with EPAM named to the Fortune 100 Fastest-Growing Companies list for three consecutive years.
2022-2025 – Led EPAM’s humanitarian and strategic initiatives to support tens of thousands of employees during the geopolitical crisis caused by the Russian invasion of Ukraine.
2024-2025 – Positioned EPAM as a leader in AI-Native solutions, setting the foundation for the Company’s next era of innovation and growth, while stabilizing operations across Central and Eastern Europe and significantly expanding its presence in India and Latin America.
2025 – Led EPAM’s return to growth, positioning the Company to surpass $5 billion in annual revenue.
Mr. Dobkin added, “EPAM’s leadership team has been built over many years, and we believe our roadmap for growth remains clear. Balazs Fejes, better known as FB, joined the Company over 20 years ago and has been a critical part of our growth story. His leadership has been instrumental to EPAM’s development —serving as our first CTO, building our Financial Services Business globally, leading our European and APAC markets and most recently, serving as President of Global Business and Chief Revenue Officer. FB is uniquely positioned to provide both strategic and operational leadership during our next phase of evolution, and his rare combination of business and technical acumen will enable him to continue driving EPAM forward.”
“I am honored to serve as EPAM’s next CEO as we continue advancing the global growth strategy shaped under Arkadiy’s leadership,” said Balazs Fejes. “EPAM is a unique company, with a leadership team that deeply understands and respects what sets us apart in the digital transformation space. I am committed to building on our strong foundation by expanding our engineering and consulting capabilities, helping our global clients accelerate their GenAI-enabled journeys and ensuring we stay ahead as their trusted partner. I am humbled by the trust placed in me by Arkadiy, our leadership team and the Board, and I look forward to working closely with them to achieve our goals.”
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