JDA Software Group announced today that Chairman and CEO Bal Dail is stepping down and that the company’s Board of Directors has appointed former Tyco executive Girish Rishi as the new company’s CEO.
Further announced was that current board members and former software industry executives Michael Capellas and Lloyd Waterhouse have been named Chairman and Vise-Chairman of JDA’s Board of Directors.
According to the JDA release, this latest move is directed at managing the next phase of business growth. The CEO leadership change is effective immediately but Dail will remain at JDA through the existing quarter to insure a seamless leadership transition.
Rishi assumes the role of JDA CEO after serving as Executive Vice-President at Tyco International, responsible for that firm’s global retail and North America building automation businesses. Prior to Tyco, Rishi held senior leadership positions for Motorola Solutions and Symbol Technologies. The announcement emphasizes Rishi’s general management leadership experience as well as his “intimate engagements with some of the world’s leading retailers, transportation and logistics and manufacturing companies.”
These senior leadership changes come after unsuccessful JDA acquisition talks with Honeywell International and a subsequent $575 million recapitalization in JDA led by private equity firm Blackstone Group in August of last year. The on again and off again acquisition by Honeywell was reported to be upwards of $3 billion at the time. After the equity infusion from Blackstone, existing equity investor New Mountain Capital further added to its equity investment.
At this point, it is unclear as to whether other strategy or leadership changes are in-store for the supply chain planning technology provider but immediate or unplanned CEO succession announcements usually result in subsequent changes.
Supply Chain Matters will reach out to gain more perspectives and pass that along at an appropriate time.
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