Manugistics Appoints Jeffrey Kissling as Chief Technology Officer; Promotes Jeffrey Holmes to President of Worldwide Sales Operations
Names Edward Daihl as Group Vice President of Revenue Management
New Executive Management Team Structure Brings Renewed Focus, Strength
to Company
ROCKVILLE, Md.--Sept. 3, 2004—Manugistics Group, Inc. (NASDAQ:MANU), a leading global provider of demand and supply chain management solutions, today named Jeffrey L. Kissling as its Chief Technology Officer (CTO) and Senior Vice President, promoted Jeffrey L. Holmes to President of Worldwide Sales Operations and named Edward R. Daihl as Group Vice President of Revenue Management.
Jeffrey Kissling Named Chief Technology Officer
As CTO, Jeffrey L. Kissling will be responsible for the entire lifecycle of Manugistics` software products and services. He will report directly to Manugistics` Chief Executive Officer (CEO) Joe Cowan.
"Manugistics is committed to bringing best-in-class products and services that bring value and savings to our clients," said Cowan. "Jeff`s experience and know-how will drive the company`s product set to the next level of innovation - something our customers expect from us."
Kissling brings more than 20 years experience in managing and overseeing product development, installation and delivery in the enterprise application products and services market. Prior to joining Manugistics, Kissling held CTO positions at BAAN, a provider of enterprise resource planning (ERP) solutions, and Invensys Manufacturing and Process Systems, where he provided technical vision and leadership to corporate organizational and product strategies. Kissling also held a variety of executive management positions which include CEO at Soft Systems Engineering, a start-up manufacturing software company, and Wonderware, a company that acquired the start-up in 1995. During his tenure, he was responsible for all product development, installation and support, as well as managing overall growth and efficiency.
Jeffrey Holmes Promoted to President of Worldwide Sales Operations
Manugistics also promoted Jeffrey L. Holmes to Executive Vice President and President of Worldwide Sales Operations. Holmes will lead all worldwide sales, pre-sales and sales operations. In his previous capacity as President of Government, Aerospace and Defense Division for Manugistics, Holmes boosted the company`s best-in-class demand and supply chain presence in both civilian and government agencies, as well as the global aerospace and defense industry. Since joining the company in 1996, Holmes has served in a variety of high-level positions including Senior Vice President for North American Sales and Industry Marketing.
"Jeff has served Manugistics well over the last eight years," said Cowan. "His in-depth knowledge of the company, the industries we serve, as well as our multitude of clients that span many verticals, is one of the company`s most valuable assets. We are confident that his new role in overseeing worldwide sales will strengthen our presence in emerging areas like RFID, as well as continue to grow our retail and commercial business and our government, aerospace and defense activities."
Edward Daihl Named Group Vice President of Revenue Management
Manugistics also named Edward R. Daihl as Group Vice President of Revenue Management. In this capacity, Daihl will oversee the company`s growing revenue management solutions and next-generation product initiatives.
"Ed`s knowledge of enterprise applications and his strong sales background will help grow and guide Manugistics in the revenue management business sector," said Cowan. "Ed has a proven track record for delivering world-class solutions, launching innovative new products and growing sales in challenging business environments."
Daihl brings more than 14 years of successful experience in profit and loss management to the company. Prior to joining Manugistics, he served as President of Dexec Consulting, where he provided interim executive management, business development and strategic advisory services to a wide range of technology, software and supply chain companies. Previously, Daihl managed the corporate restructuring of CAPS Logistics, a wholly-owned subsidiary of BAAN, which resulted in a financial turn-around and new relationships with Fortune 500 companies. As a result of the turnaround, he joined the management board at BAAN as President of CAPS Logistics and BAAN Strategic Business Unit. Earlier in his career he was with Digital Equipment Corporation rising from a sales manager to Vice President of Sales and Systems Integration.
Cowan`s executive management team also includes Raghavan Rajaji, Executive Vice President and Chief Financial Officer (CFO); Tim Smith, Senior Vice President and General Counsel; Lori Mitchell-Keller, Senior Vice President of Global Marketing and Solution Management; and Ronald Kubera, Senior Vice President of Services and Support.
Jeremy Coote Departs Manugistics
Earlier this week Jeremy Coote resigned as President of Manugistics. "Jeremy and I discussed Manugistics` new strategy and we both agreed that it made sense for me to accept his resignation so that he could pursue other opportunities," said Cowan.
About Manugistics Group, Inc.
Manugistics is a leading global provider of demand and supply chain management solutions. Today, more than 1,200 clients trust Manugistics to help them drive profitable growth, unlock the value of their existing IT investments, and ensure the security and integrity of their global supply chains. Its clients include industry leaders such as AT&T, BMW, Boeing, Brown & Williamson, Cingular, Circuit City, Coca-Cola Bottling, Continental Airlines, Diageo, DuPont, Harley-Davidson, John Deere, McCormick, Nestle, Nissan, RadioShack, Sanmina-SCI and Unilever. For more information, go to www.manugistics.com.
FORWARD LOOKING STATEMENT
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, the ability of the Company to implement successfully our recent management changes, field a successful sales organization, align our cost structure with our revenue, and develop products and services that keep pace with our industry`s rapidly evolving technology. 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 year ended February 29, 2004 and Quarterly Report on Form 10-Q for the period ended May 31, 2004. Manugistics assumes no obligation to update the forward-looking information contained in this announcement.
CONTACT: Manugistics Group, Inc.
Investor Contact:
Nate Wallace, 301-255-5059
nate@manu.com
Press Contact:
Sheila Blackwell, 301-255-5486
sblackwell@manu.com
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