New Primary Financial Executive Announced for JDA Software
Scottsdale, Ariz. – April 8, 2008 – JDA Software Group, Inc. (Nasdaq: JDAS) today announced that Kristen Magnuson, JDA’s Executive Vice President and Chief Financial Officer, has decided to resign her position in order to pursue other opportunities. During Magnuson’s more than 11 years of service, she has presided over an impressive four-fold growth in the company and led the financial planning and integration of 10 acquisitions, including the company’s most recent successful acquisition of Manugistics in 2006. Magnuson will remain with JDA through a 90-day transitional period.
“While it is never easy to see an executive such as Kristen leave the company, we appreciate and respect her desire for change,” commented Hamish Brewer, JDA’s President and Chief Executive Officer. “We have agreed to an orderly transition with Kristen, and the company has begun an aggressive search to identify her successor. JDA thanks Kristen for her service and wishes her the best of luck in her future career endeavors.”
During Ms. Magnuson’s transition, David Alberty, JDA’s Group Vice President of Accounting, Finance and Treasury, will assume the role of primary financial executive as defined by the SEC and will assume direct responsibility for the company’s published financial statements. Alberty has been employed at JDA for more than 10 years during which time he has served in various financial roles including VP of International Accounting and most recently as Group Vice President, Worldwide Controller. Alberty is a CPA and has worked in the technology industry for more than 20 years.
About JDA Software Group, Inc.
JDA® Software Group, Inc. (NASDAQ: JDAS) is the world’s leading supply chain solutions provider, helping companies optimize operations and improve profitability. JDA drives business efficiency for its global customer base of more than 5,800 retailers, manufacturers, wholesaler-distributors and services industries companies through deep domain expertise and innovative solutions. JDA's combination of unmatched services, together with its integrated yet modular solutions for merchandising, supply chain planning and execution and revenue management, leverage the strong heritage and knowledge capital of market leaders including Manugistics, E3, Intactix and Arthur. When supply chain results matter, companies turn to JDA. For more information about JDA, visit www.jda.com or contact us at info@jda.com or call +1.800.479.7382 / +1.480.308.3000.
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