Business Services Industry
QAD Appoints Barry Patmore to Its Board of Directors; Veteran Accenture Executive, Business Strategist Further Strengthens QAD Board
Business Wire, Feb 14, 2003
Business Editors/High-Tech Writers
CARPINTERIA, Calif.--(BUSINESS WIRE)--Feb. 14, 2003
QAD (Nasdaq:QADI), a leading provider of collaborative commerce solutions for global manufacturers, today announced it has appointed Barry Patmore to its board of directors. Patmore brings more than 35 years of management consulting experience and will provide strategic guidance and advice to QAD. He will also serve on the QAD strategic and audit committees.
"Barry has a long and successful history of helping leading global companies achieve their strategic objectives by utilizing information systems to optimize their business processes," said Pam Lopker, QAD president and chairman of the board. "Barry's 35 year tenure at one of the world's largest professional consulting and services companies, Accenture, will benefit QAD as we continue to enhance our global services organization and evolve our partnering strategy with large consulting firms. He brings the leadership and experience necessary to help QAD achieve its business goals."
Patmore is a seasoned business executive, board advisor and community volunteer with extensive experience helping global companies optimize their business processes and utilize information systems to achieve their strategic objectives. Patmore had a distinguished career with Accenture (formerly Andersen Consulting) from 1965 to 1999. His leadership responsibilities included serving as managing partner of Southern California, global managing partner - business process competency, and managing partner of service lines for the communications industry. Since 2000, Patmore has served as a management consultant and interim CIO at Children's Hospital Los Angeles, directing strategic IT planning and outsourcing. Previously, Patmore was a venture partner at Brentwood Venture Capital, specializing in business-to-business enterprises and software companies. Patmore is a board member for LetsTalk.com and Ascendent Telecommunications, and an advisor to several early stage start-ups. He also serves on the boards of Mount St. Mary's College, Harvey Mudd College and Children's Institute International. He holds a bachelor's degree from the University of British Columbia, and an MBA from Columbia University, New York.
QAD also announced today that Koh Boon Hwee, a director with the QAD board since 1997, resigned from his position on the QAD board of directors in order to accommodate the extensive demands on his time, which includes serving as non-executive chairman of Singapore Airlines. He will continue to provide QAD with his valued advice, serving as a special advisor to the executive team and board of directors.
Patmore joins a distinguished group of executives on the QAD board including Pamela Meyer Lopker, chairman and president of QAD; Karl Lopker, chief executive officer of QAD; Peter van Cuylenburg, consultant and former president of InterTrust Technologies Corporation; A.J. Moyer, former chief financial officer at QAD and at Allergan; Larry Wolfe, former Intuit executive; and Jeffrey Lipkin, general partner of Recovery Equity Investors, I and II, L.P.
About QAD
QAD delivers value through collaborative commerce for manufacturers, empowering enterprises to integrate diverse business processes and increase profitability. Manufacturers of automotive, food and beverage, consumer, electronics, industrial and medical products use QAD applications at approximately 5,400 licensed sites in more than 80 countries and in as many as 26 languages. For more information about QAD, telephone 1 805/684-6614, or visit the QAD Web site at: www.qad.com. To receive any of QAD's press releases via facsimile, contact 1 800/356-0747, or outside the U.S. contact 1 213/253-5647.
Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to, evolving demand for the company's software products and products that operate with the company's products; the publication of opinions by industry analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; difficulties relating to integration of a new business; the entry of new competitors and their technological advances, delays in localizing the company's products for new markets; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; and general economic factors. In addition, revenue and earnings in the enterprise resource planning (ERP), e-business and collaborative commerce software industries are subject to fluctuations. Investors should not use any one quarter's results as a benchmark for future growth. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company's Annual Report on Form 10-K for the fiscal year ended January 31, 2002.
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