Jack C. Parsons Joins QRS Executive Leadership Team as Chief Financial Officer
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.
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