OTTAWA, Ontario - Wednesday, 28. August 2024 AETOSWire
John Sicard to retire as CEO at end of 2024
Chief Sales Officer Claire Rychlewski to depart November 2024
(BUSINESS
WIRE) -- Kinaxis Inc.® (TSX:KXS), a global leader in end-to-end supply
chain orchestration, today announced that John Sicard, president and
chief executive officer (CEO) of Kinaxis, will retire from his role
effective December 31, 2024 after an incredibly successful three-decade
career with the company. John will retain a consultancy role with
Kinaxis throughout 2025 and the Board of Directors has commenced a
search for his successor.
Since Sicard’s appointment to CEO in
2016, Kinaxis has quadrupled revenue, more than tripled its valuation,
grown its workforce by 400% and been a recognized leader in product
innovation; in the last three years alone, the company has doubled its
customer base. As Kinaxis prepares for its next wave of growth – to
become a $1B revenue company and to take even more of the $16B supply
chain management software market – it’s shifting its focus from building
to scaling.
“John has been a tireless and inspiring leader as
CEO for the past nine years, and throughout his nearly three decades of
his tenure at the company,” said Robert (Bob) Courteau, board chair. “He
started his career at Kinaxis as a core architecture and software
developer, and under his stewardship the company has built a
market-leading platform widely recognized by analysts, customers and
partners as the industry standard in truly innovative supply chain
management software. John’s passion and enthusiasm for his craft are
unmatched, and we’re in an enviable position today thanks to his
vision.”
Courteau continued, “As we accelerate towards our
ambitious goal of becoming a $1B revenue company, we agreed that now is
the right time for a CEO transition and John will play an important role
in that process. We wouldn’t be in this position without the foundation
that he has created over the years, we are grateful for his ongoing
dedication to the company, and we’re all committed to a seamless
transition to support Kinaxis’ continued trajectory.”
“I am
extraordinarily proud of what we have accomplished at Kinaxis, we’ve
built a globally respected leader in supply chain orchestration with
unlimited potential, a loyal customer base that represents the best of
supply chain excellence, and an incredible global team,” said Sicard.
“It’s the right time to pass the baton to the next leader who will
accelerate this momentum and I’m looking forward to witnessing the
inevitable successes ahead for Kinaxis.”
In addition, Chief Sales
Officer Claire Rychlewski has decided to leave the company to take
advantage of an opportunity that better suits her current goals. Kinaxis
thanks Claire for her contributions to Kinaxis over her five-year
tenure. She was instrumental in growing the company’s sales team across
EMEA, APAC and North America and in preparing the global sales team for
scale. She will remain with the company until November to support a
seamless transition.
The company also reaffirms its fiscal 2024
guidance provided as part of its second quarter earnings news release
issued on July 31, 2024.
About Kinaxis
Kinaxis is a global
leader in modern supply chain orchestration, powering complex global
supply chains and supporting the people who manage them, in service of
humanity. Our powerful, AI-infused supply chain orchestration platform,
Maestro™, combines proprietary technologies and techniques that provide
full transparency and agility across the entire supply chain – from
multi-year strategic planning to last-mile delivery. We are trusted by
renowned global brands to provide the agility and predictability needed
to navigate today’s volatility and disruption. For more news and
information, please visit kinaxis.com or follow us on LinkedIn.
Cautionary Note and Forward-Looking Information
This
news release contains forward-looking information within the meaning of
Canadian securities legislation. Forward-looking information relates to
future events or the anticipated performance of Kinaxis and reflects
management’s expectations or beliefs regarding such future events. In
certain cases, statements that contain forward-looking information can
be identified by the use of words such as “plans”, “expects”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, “believes” or variations of such words and phrases or
statements that certain actions, events or results “may”, “could”,
“would”, “might”, or “will be taken”, “occur” or “be achieved” or the
negative of these words or comparable terminology. Forward-looking
information in this news release includes statements with respect to
Kinaxis’ revenue and market share growth plans and goals, and the
reaffirmation of its fiscal 2024 guidance. By its very nature
forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual performance of
Kinaxis to be materially different from any anticipated performance
expressed or implied by such forward-looking information.
Forward-looking
information is subject to a variety of risks and uncertainties, which
could cause actual events or results to differ from those reflected in
the forward-looking information, including, without limitation, the
risks described under the heading “Risk Factors” in the Company’s annual
information form dated March 25, 2024 for its fiscal year ended
December 31, 2023, under the heading “Forward-Looking Statements” in our
news release dated July 31, 2024, and other risks identified in the
Company’s filings with Canadian securities regulators, which filings are
available on SEDAR+ at https://www.sedarplus.ca.
The risk
factors referred to above are not an exhaustive list of the factors that
may affect any of the Company’s forward-looking information.
Forward-looking information includes statements about the future and is
inherently uncertain, and the Company’s actual achievements or other
future events or conditions may differ materially from those reflected
in the forward-looking information due to a variety of risks,
uncertainties and other factors. The Company’s statements containing
forward-looking information are based on the beliefs, expectations, and
opinions of management on the date the statements are made, and the
Company does not assume any obligation to update such forward-looking
information if circumstances or management's beliefs, expectations or
opinions should change, other than as required by applicable law. For
the reasons set forth above, one should not place undue reliance on
forward-looking information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240827724485/en/
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Contacts
Media Inquiries
Belinda Thomas | Kinaxis
bthomas@kinaxis.com
+1 613 322 9305
Investor Relations
Rick Wadsworth | Kinaxis
rwadsworth@kinaxis.com
+1 613 907 7613
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