Electronic source-chain specialist Blue Yonder named longtime software business govt
main executive as owner Panasonic Holdings Corp. prepares its retail technologies business for a potential general public stock listing.
Mr. Angove, a previous president of company computer software service provider Infor, succeeds
who experienced been Blue Yonder’s interim CEO because the departure of
who remaining the company this 12 months following Panasonic’s acquisition of the business.
Panasonic bought Blue Yonder final yr for $7.1 billion in a deal declared in April and done in September. Panasonic mentioned the acquisition of Scottsdale, Ariz.-centered Blue Yonder, which counts main shops between its customers for its electronic offer-chain and e-commerce fulfillment program, would support the Japan-primarily based business convey electronic companies to its industrial electronics and technologies operations.
Panasonic produced Blue Yonder an anchor of its supply-chain-administration computer software business, known as Panasonic Join, and mentioned in May it was making ready the operation for a potential general public inventory listing. “It was made a decision that dependent on the business qualities and market atmosphere, a stock trade listing of the [supply-chain management] business would be the optimal way to accelerate development globally by employing the cash marketplaces,” the business mentioned in a Could 11 statement.
It stated specifics of the possible listing, which include the trade spot, hadn’t been resolved.
Mr. Angove was on the management crew that took retail technology organization Retek public in 1999 and later on typical manager of the retail business unit at
, when the program large purchased Retek in 2005. He was also a co-founder and handling lover of tech-centered personal-fairness company Arcspring.
“We’re self-confident that Duncan’s tested observe record increasing firms these types of as Infor, Oracle and Retek, as effectively as his supply chain expertise and functioning with prospects, will make him the ideal leader to take Blue Yonder’s growth and innovation to the upcoming amount,” reported Yasu Higuchi, CEO of Panasonic Join and the chairperson of Blue Yonder’s board.
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