JDA Software Announces Changes to the Board of Directors
03 May 2012 - 6:05AM
Business Wire
JDA® Software Group, Inc. (NASDAQ: JDAS), The Supply Chain
Company®, today announced that Arthur C. Young was appointed to the
company's board of directors on April 30, 2012. Young brings
valuable financial and strategic experience to the JDA board. He
replaces Douglas G. Marlin, 64, who retired from the board,
effective April 30, 2012, after 11 years of service. Young has been
appointed to the board's compensation, and nominating and
governance committees.
JDA today also announced the appointment of Richard M. Haddrill
to the newly created position of lead independent director of the
board of directors. Haddrill, who joined the JDA board in January
2011, will continue to serve on the board’s audit, compensation,
and nominating and governance committees. Among his key
responsibilities as independent lead director, Haddrill will
consult with the chairman of the board on the agenda for and
schedule of meetings of the board, serve as a liaison between the
chairman and the independent directors, and chair executive
sessions of the board's independent directors. He currently serves
as chief executive officer and a member of the board of directors
of Bally Technologies, Inc.
Young, 42, is a managing partner and member of the investment
and management committees of Blum Capital, where he primarily
focuses on sourcing, executing and monitoring public investments.
Blum Capital Partners is a San Francisco-based public strategic
block and private investment firm with approximately $2 billion of
equity capital under management and is a large shareholder of JDA.
Blum Capital Partners was founded in 1975 and has invested in a
wide variety of businesses. Throughout its history, Blum has
demonstrated its expertise in proactively identifying attractive
businesses to own, determining the most favorable ways to invest in
those businesses across the public/private spectrum and helping to
drive value creation as an active, engaged partner to management
teams.
Prior to joining Blum Capital in 2009, Young spent eight years
as a partner at Blavin & Company, a concentrated
value-oriented, long-biased investment fund. Before joining Blavin
& Company, Young was an investment principal at Fir Tree
Partners. Young started his professional career as a litigation
associate at Greenberg Traurig specializing in securities and tax
litigation, after which he spent two years at McKinsey &
Company as a management consultant leading teams of senior
executives in a broad spectrum of initiatives. Young earned a
bachelor’s degree in economics from Johns Hopkins University and a
juris doctor from the University of California at Berkeley, Boalt
Hall School of Law.
"We are pleased to announce the appointment of Arthur Young to
the JDA board of directors and look forward to benefitting from his
financial and strategic perspectives," said James D. Armstrong,
Chairman of the Board of Directors. "In addition, I would like
to thank Dick Haddrill for assuming the expanded responsibilities
as the board’s lead independent director. With the addition of two
new independent directors over the past year and a half, and the
enhancement of our board through the newly created lead director
role, we continue to seek to ensure the company’s governance
structure is fully focused on delivering shareholder value.
Finally, both personally and on behalf of our board I would like to
thank Doug Marlin for his years of service and insightful
contributions during his tenure on our board. Additionally, Doug
was instrumental in the developmental stage of our company and his
contributions played a large part in the formation of our leading
market position."
About JDA Software Group
JDA® Software Group, Inc. (NASDAQ: JDAS), The Supply Chain
Company®, is the leading provider of innovative supply chain
management, merchandising and pricing excellence solutions
worldwide. JDA empowers more than 6,000 companies of all sizes to
make optimal decisions that improve profitability and achieve real
results in the manufacturing, wholesale distribution,
transportation, retail and services industries. With an integrated
solutions offering that spans the entire supply chain from
materials to the consumer, JDA leverages the powerful heritage and
knowledge capital of acquired market leaders including i2
Technologies®, Manugistics®, E3®, Intactix® and Arthur®. JDA’s
robust services offering, including complete solution lifecycle
management via JDA Cloud Services, provides customers with
leading-edge industry practices and supply chain expertise, lower
total cost of ownership, long-term business value, and 24/7
functional and technical support. To learn more, visit jda.com or
email info@jda.com.
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