Tungsten Automation Corporation, a leader in AI-powered document and workflow automation, announced on July 1, 2025, the promotion of Peter Hantman to Chief Executive Officer and his appointment to the Board of Directors, alongside the appointment of Robert Watson as Chief Financial Officer. Reynolds C. Bish, the outgoing CEO, will transition to Executive Chairman, supporting the company’s strategic initiatives.
Peter Hantman promoted to CEO, effective July 1, 2025, from President and COO.
Robert Watson joins as CFO from Athenahealth, replacing Cort Townsend.
Reynolds C. Bish becomes Executive Chairman, focusing on acquisitions and board coordination.
Hantman led Tungsten’s shift to a SaaS recurring revenue model since joining in 2023.
Tungsten serves 25,000+ global customers with 2,200 employees across 32 countries.
Backed by Clearlake Capital and TA Associates, driving growth in the $50 billion automation market.
Peter Hantman, who joined Tungsten Automation as President and COO in November 2023, has been promoted to CEO, effective July 1, 2025. “I’m honored to become Chief Executive Officer at such an important time in our customer’s transformation to GenAI enabled document and workflow automation,” said Hantman. With over 30 years of experience, including 13 years at e2open as COO and CFO, Hantman drove Tungsten’s successful transition to a SaaS model, boosting growth in AI-powered solutions. He now leads the executive team to accelerate innovation and market expansion.
Robert Watson joins as CFO, bringing extensive financial leadership from roles at Athenahealth, Rackspace Technology, Cinemark, and Hewlett-Packard. “I’m excited to join Tungsten Automation at this pivotal moment in its growth journey,” Watson said. He replaces Cort Townsend, who served as CFO since 2016. Reynolds C. Bish, after 17 years as CEO, transitions to Executive Chairman. “I’m proud of what we’ve accomplished during the last 17 years, and I have total confidence in Pete’s leadership going forward,” Bish stated, noting his new role will focus on acquisitions and board activities.
Tungsten Automation, formerly Kofax, is a key player in the $50 billion intelligent automation market, recognized for its leadership in intelligent document processing and process orchestration by Everest Group and Forrester. “Pete has demonstrated strong vision, leadership and execution,” said Harry Taylor of TA Associates, while Paul Huber of Clearlake Capital praised Hantman’s “strategic vision and operational excellence.” The leadership changes position Tungsten to capitalize on the growing demand for AI-driven automation, serving 25,000+ customers across industries like finance and healthcare.
Tungsten Automation’s new leadership, with Hantman as CEO and Watson as CFO, builds on its 40-year legacy of innovation. Backed by Clearlake Capital and TA Associates, the company is poised to drive transformative efficiency and expand its global footprint in the rapidly evolving automation landscape.
Tungsten Automation is a provider of intelligent workflow automation solutions with a trusted legacy of 40 years, more than 2,200 employees in 32 countries and serving 25,000 global customers. Recognized by customers, partners and industry analysts as a leader in IDP, intelligent automation, and process orchestration, Tungsten helps businesses achieve transformative efficiency through AI-powered solutions.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones—and thrive on the tech pulse.