Richmond, Calif. - January 30, 2002 - QRS Corporation (Nasdaq: QRSI), the market leader in e-commerce and supply chain management solutions for the retail industry, announced today the appointment of Jack C. Parsons as chief financial officer. Parsons brings to QRS more than 25 years of accounting and financial experience in both public and private companies, as a company officer, international accounting firm partner and policy regulator. He possesses significant expertise in financial strategy, financial controls and analysis, and SEC reporting rules relevant to technology companies.
"Jack is an accomplished financial professional who has helped lead global companies in a variety of industries and development stages," said Liz Fetter, president and chief executive officer of QRS. "Jack`s arrival is an important milestone in the building of our world-class team at QRS." Working in close partnership with the executive leadership team, Parsons will be responsible for the overall financial strategy of the company as well as finance and accounting functions.
"With unparalleled collaborative e-commerce solutions and an outstanding customer base among the country`s leading retail industry companies, QRS is uniquely positioned for strong growth within the industry," said Parsons. "I am very pleased to be joining the company as we grow revenue, improve profitability and create greater shareholder value."
Before joining QRS, Parsons was chief operating officer and chief financial officer of Aim Technologies Inc., an early-stage direct marketing database company specializing in in-venue loyalty programs operated for professional and collegiate sports teams. Under his leadership, the number of teams under contract at Aim grew five-fold.
Parsons also has extensive software industry experience. As CFO and vice president of finance at Macromedia Inc. and The Learning Company, he significantly enhanced the finance, IT and operations groups with a focus on improving controls, productivity and external reporting.