Reflexis Systems Names New CFO and Vice President of Sales and Marketing; Expanded management team to help meet growing market demand for award-winning retail task management systems
NORWOOD, Mass.–(BUSINESS WIRE)–July 17, 2006–Reflexis, the pioneer and leader in next-generation Retail Execution/Task Management, announced today the appointment of Daniel M. Clarke as Chief Financial Officer and Michael J. Panagakos as Vice President of Worldwide Sales and Marketing.
Mr. Clarke brings to Reflexis extensive experience as a CFO and senior-level executive with expansion-stage technology companies. One of Mr. Clarke’s primary responsibilities will be to manage and expand the business infrastructure to support the accelerating growth and development of the company. Mr. Panagakos is a seasoned veteran of enterprise software sales with more than 20 years of executive experience, including seven years with Kronos, Inc., a major developer of enterprise workforce management solutions. Mr. Panagakos will push rapid growth for Reflexis through aggressive partnerships with other leading solution vendors as well as continued growth and development of the company’s direct distribution strategy.
“These are both extremely versatile and accomplished industry professionals with significant experience in the enterprise software arena,” said Prashanth Palakurthi, Chairman and CEO of Reflexis. “This is exactly the team we need to respond to the retail industry’s growing awareness of the tremendous ROI made possible through our RetailAction applications for task and KPI metrics management, labor scheduling, and store audits.”
Before joining Reflexis, Mr. Clarke was Vice President and CFO of SmartTime Software, Inc. a provider of enterprise workforce management solutions. Prior to SmartTime, he was CFO of Eigner U.S., Inc., a global provider of product lifecycle management solutions. Additionally, Mr. Clarke has served as senior vice president and CFO of Giga Information Group, a leading global IT advisory firm, and held senior-level positions at Lodestar Corporation, BBN Corporation, and The Freudenberg Group.
Mr. Panagakos served most recently as Vice President of Field Operations at SmartTime Software, Inc., where he led sales, marketing, alliance, and client services. Prior to SmartTime he was Senior Vice President of Global Sales and Services for Lodestar Corporation. Before joining Lodestar, Mr. Panagakos was Vice President of Sales, Americas, for Kronos Incorporated. Mr. Panagakos served Kronos for seven years where he was responsible for all direct and indirect sales in the western hemisphere. Previous to Kronos, he was Vice President of Sales and Client Services for Shared Telecommunications Systems. Additionally, Mr. Panagakos contributed more than eight years in various sales and sales management roles at the Bell and Howell Company.
LV Prasad has been promoted to Senior Vice President of Strategy and Operations to play an increased role in the definition of product and market strategy of the company.
The Reflexis suite features RetailAction Manager(TM) for delivering closed-loop task management, RetailAction KPI Activator(TM) for leveraging real-time, exception-based metrics and triggering best-practice actions, RetailAction StoreWalk(TM) for ensuring consistency from enhanced storewalks and audits, and RetailAction LaborScheduler(TM) for optimizing labor schedules via bottom-up, task-driven labor forecasting. All RetailAction solutions are web-based and feature one, unified, easy-to-use interface. The suite also integrates rapidly with existing retail systems and is supported by the highly responsive support that customers have come to expect from Reflexis.
Reflexis counts among its customers the world’s largest office supply retailer, the world’s largest home improvement retailer, the world’s largest auto supply chain, and many other category-leading retailers. Reflexis customers are reporting that the additional time their store managers can now spend on customer-related needs is creating top-line results. One Fortune 500 Reflexis customer has reported as much as a 5 percent increase in average sales ticket since implementing the solution.
About Reflexis Systems, Inc.
Reflexis helps major retailers turn strategy into action with the integrated RetailAction(TM) suite of next-generation Retail Execution Management solutions. Staples, The Home Depot, Food Lion, Dick’s Sporting Goods, Circuit City, and many other Retail 500 chains are relying on Reflexis to help them deliver on their retail brand promise every day. Reflexis customers have reported dramatic improvements in store-level compliance with corporate strategies, empowering them to increase average sales ticket and improve field and store management throughout their chains. Reflexis Systems, Inc. is privately held and headquartered in Norwood, Massachusetts, with international offices in the UK and India. For more information, visit reflexisnew.wpengine.com, email Keshav.Shivdasani@reflexisinc.com or call 781-278-9919.
Reflexis Systems, Inc.
Eric Moody, 781-278-9919 x137