JDA finds new exec to help it grow
JDA has named a new key executive as the company looks to push through the next phase of its SaaS-led growth.
The company has named Kevin Moriarty as its new Executive Vice President and Chief Financial Officer. He most recently served as Chief Financial Officer at Avnet, a Fortune 500 company, leading global technology distributor, and Industrial Internet of Things platform provider, with annual revenue of $25.7 billion.
“It is a pivotal time for JDA as we continue to drive operational excellence and execute on our SaaS transformation and innovation strategy, positioning us for continued growth across all segments of the business. Kevin brings a strong operational, M&A, and capital markets background to JDA which will be of strategic importance to our journey ahead,” said Girish Rishi, chief executive officer, JDA. “Kevin’s expertise and values fully complement our world-class leadership team, and we welcome him with open arms to JDA Nation.”
Moriarty’s experience includes more than 30 years of Senior Management positions in Finance and Accounting at leading global companies such as Avnet, Honeywell International, Inc., Bristol-Myers Squibb and PricewaterhouseCoopers. While at Avnet, Moriarty played a critical role in re-prioritizing the company’s portfolio with the sale of the Technology Solutions business to Tech Data Corporation and the acquisitions of Premier Farnell and Hackster.IO.
In January, the company announced new enhancements to its next-generation software-as-a-service (SaaS)-based JDA Store Optimizer solution. According to the company, the software transforms real-time data into actionable insights that help retailers improve inventory and labor management, increase operational efficiency, and enhance customer experiences.
“JDA’s strong financial and operational excellence combined with its strategic vision and pivot to SaaS position the company well for growth,” said Moriarty. “It is an exciting time to join JDA and work with a best-in-class management team. I look forward to helping continue JDA’s growth trajectory and sustained financial momentum.”