This special edition of Supply Chain Matters This Week in Supply Chain Tech highlights the announcement of a new CEO for Blue Yonder, as that firm focuses on its integration within a new independent business unit of Panasonic Holdings.
Supply chain planning and execution technology provider Blue Yonder (previously known as JDA Software), has a new CEO.
Panasonic Holdings, which acquired this supply chain tech provider in April of 2021 for $7.1 billion, announced this week the appointment of software industry senior executive Duncan Angove to assume the senior leadership role for the company.
Noted is that Angove is a strategic business leader with decades of technology and leadership experience, previously holding senior executive roles at Infor, Oracle and Retek. According to reporting from The Wall Street Journal, Angove was part of the management team that took retail technology provider Retek public in 1999, and later general manager of the retail business unit of Oracle, when the enterprise software provider acquired Retek in 2005.
Angove succeeds Mark Morgan who held the role of interim CEO since February 2022. Former CEO Girish Rishi departed the company this year following the consummation of the acquisition by Panasonic.
As noted in a prior published addition of Supply Chain Matters This Week in Supply Chain Management Tech, Panasonic Holdings has plans to make Blue Yonder the anchor of a new supply chain management company, which will bring together complimentary supply chain technology capabilities within Panasonic Connect Gemba Solutions Company and Technology Research & Development Divisions. An outlined growth plan previously shared points to aggressive investments in Blue Yonder’ s capabilities including R&D and potential M&A aimed to grow the company’s SaaS businesses in North America, EMEA and Asia Pacific. The plan further indicates intent to expand Blue Yonder’ s technology within Panasonic Group along with increasing customers in the Japan market, growing horizontally to other geographic markets by leveraging Panasonic’s customer base and power in the Asia Pacific region.
In the announcement, Yasu Higuchi, CEO, Panasonic Connect and chairperson, Blue Yonder Board of Directors indicates:
“After careful consideration, we’re confident that Duncan’s proven track record growing companies such as Infor, Oracle and Retek, as well as his supply chain experience and working with customers, makes him the right leader to take Blue Yonder’ s growth and innovation to the next level. We want to thank Mark Morgan for his effective leadership over the past five months while serving as interim CEO and for his many contributions to the company.”
In 2021, the Blue Yonder reportedly grew to over $1.1 billion in annual revenue, with SaaS annual recurring revenue of $475 million.
Angove’s charge is obviously the need to move forward with the designated public stock offering in a market that is becoming less favorable to tech start-ups, thus requiring more realistic company valuations and solid revenue and profitability growth objectives. At the same time, the tech provider has experienced a number of people departures to join other supply chain tech providers.
Competition in the supply chain planning as well as online customer fulfillment has heightened as equity investments in this sector have increased as businesses seek to supplement their supply chain digital transformational investments.
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