Kronos Appoints Industry Veterans to Drive HRMS Strategy

Business Wire, April 3, 2002

Business/Technology Editors

CHELMSFORD, Mass.--(BUSINESS WIRE)--April 3, 2002

Kronos(R) Incorporated (Nasdaq: KRON), the leading provider of frontline labor management solutions, today announced it has hired William Larkin as vice president of HR/Payroll products and Jeff Meyer as vice president of HR/Payroll engineering. Both Larkin and Meyer possess a unique combination of industry, technical and consulting experience, which will enable them to lead Kronos' strategic direction as the company expands its footprint by entering the Human Resource Management System (HRMS) market.

"At both a strategic and operational level, we expect Bill's and Jeff's expertise to be invaluable as Kronos executes a smooth entrance into the middle tier of the HRMS market. Their primary charter is to help Kronos prepare for, and ultimately succeed, in the HRMS market," said Mark S. Ain, Kronos chief executive officer. "We are extremely fortunate to welcome industry veterans of their caliber to fill these newly created positions."

Larkin brings to Kronos extensive consulting, sales, product development and marketing skills honed during a 20-year career in human resources, in which he held positions with Automatic Data Processing (ADP) and Genesys Software Systems. Prior to joining Kronos, Larkin founded LCS and Associates, a consulting firm specializing in HRMS end-user requirements definition and vendor selection. Larkin has also helped a number of software vendors develop and expand their HRMS strategy.

Meyer's broad expertise in software development spans 25 years and includes various engineering management, software development and quality assurance positions. Most recently, Meyer served as vice president of engineering at FairMarket, Inc., a provider of hosted online commerce applications and services. Previously, he held engineering management positions with Compaq Computer Corporation and Digital Equipment Corporation.

"Bill and Jeff have a tremendous opportunity to exploit their proficiencies as we expand the concept of Kronos and implement on our HRMS market entry strategy," concluded Ain. "HRMS momentum is already well underway at Kronos."

About Kronos Incorporated

Kronos Incorporated is universally recognized as the world's #1 provider of solutions for frontline labor management. With approximately 40,000 customers worldwide, Chelmsford, Mass.-based Kronos offers the broadest suite of applications for managing employee time and activity data, scheduling the workforce, and providing frontline managers with the tools they need to measure and improve labor productivity. Kronos applications allow organizations of all sizes to automate labor management for their entire workforce. www.kronos.com

(c) 2002 Kronos Incorporated. Kronos and the Kronos logo are registered trademarks of Kronos Incorporated. All other product and company names mentioned are used for identification purposes only and may be trademarks of their respective owners.