Manugistics Appoints William M. Gibson to Board of Directors; Founder and Former Manugistics Chairman/CEO Rejoins Board
ROCKVILLE, Md.--Nov. 4, 2005--Manugistics Group, Inc. (NASDAQ:MANU), a leading global provider of synchronized supply chain and revenue management solutions, today announced the appointment of William M. Gibson to the Manugistics Board of Directors. Gibson is a founder and one of the largest shareholders of Manugistics.
"We are delighted that Bill has agreed to rejoin the Board," said Manugistics CEO Joe Cowan. "Bill`s grass roots experience in pioneering and building the supply chain business will benefit Manugistics as we concentrate on revenue growth."
Since retiring as Manugistics Chairman in 2001, Gibson has been Founder and Managing Partner of The Albermarle Group, a privately-held investment company. Through The Albermarle Group, Gibson has invested in and serves on the Board of Directors for a number of privately-held companies. He also serves on the Villanova University Board of Trustees and the Board of Directors for Venture Philanthropy Partners.
Previously, Gibson was Chairman and CEO of Manugistics. He was responsible for founding Manugistics in 1986, which is considered a leader in supply chain and revenue management software solutions. "I am delighted to be back on the Board," said Gibson. "I look forward to working with the Manugistics team as they execute their strategic growth plan."
About Manugistics Group, Inc.
Manugistics powers the synchronized supply chain. Clients depend on Manugistics to position them one step ahead of demand. With Manugistics` unparalleled supply chain and revenue management solutions, clients achieve improved forecast and inventory accuracy and leverage industry leading pricing and yield management solutions to maximize profits while ensuring optimum supply for constantly changing demand. Its clients include industry leaders such as Boeing, Canadian Tire, Cingular, Circuit City, Coca-Cola Bottling, Coty International, DHL, Diageo, Dixons, DuPont, Eurostar Group Ltd., Georgia-Pacific, Great North Eastern Railway (GNER), Harley-Davidson, Harrah`s Entertainment, H.J. Heinz, John Deere, L.L. Bean, Limited Brands, Kraft Foods, Marriott, McCormick, Nestle, RadioShack, The Scotts Company, Sears, Roebuck & Co., Sinotrans, Unilever and Wickes Building Supplies. For more information, visit our website at www.manugistics.com.
FORWARD-LOOKING STATEMENT
This announcement contains forward-looking statements that involve risks and uncertainties that include, but are not limited to, continuing cautious capital spending by corporations for supply chain management software, the ability of Manugistics to effectively align its cost structure with revenues, unintended adverse effects of Manugistics` recent restructuring and cost containment initiatives and recent organisational changes, and changes in our competitive environment, including industry consolidation. More information about factors that potentially could affect Manugistics` financial results is included in Manugistics` filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2005 and Quarterly Report on Form 10-Q for the period ended August 31, 2005. Manugistics assumes no obligation to update the forward-looking information contained on this announcement.
CONTACT: Manugistics Group, Inc.
Sheila Blackwell
301-255-5486
sblackwell@manu.com
or
Nate Wallace
301-255-5059
nate@manu.com
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