Manhattan Associates, Inc. has announced the retirement of Eddie Capel, the company's president and CEO. Effective February 12, 2025, Mr. Capel will transition to the role of executive vice-chairman of the board. He will be succeeded by Eric Clark, the current CEO of NTT Data North America, who will also join the Manhattan board.
During Eddie Capel's tenure as CEO, Manhattan Associates saw significant achievements, solidifying its position as a leading global technology provider and innovator in both supply chain and omnichannel commerce. The company's strategic, competitive, operational, and financial position is exceptionally strong, as stated by Mr. Capel.
Eric Clark expressed his excitement about working with the board and the management team to build on Manhattan's previous achievements and chart the course for future success. The company also announced a live webinar to be hosted by Terry Tillman, Managing Director of Equity Research at Truist Securities, on February 12, 2025, at 1:00 p.m. Eastern Time, inviting investors to listen through the investor relations section of the Manhattan Associates website.
Manhattan Associates is recognized as a global technology leader in supply chain and omnichannel commerce, with a focus on uniting information across the enterprise to drive top-line growth and bottom-line profitability for its customers. The company designs, builds, and delivers leading-edge cloud solutions to enable its customers to reap the rewards of the omnichannel marketplace. The market has reacted to these announcements by moving the company's shares -6.6% to a price of $187.71. Check out the company's full 8-K submission here.
