Tuesday, March 01, 2005

i2 founder gives up top spot to new CEO

Floundering supply chain management vendor i2 has appointed a new president and CEO. Michael McGrath will take over the top spot from co-founder Sanjiv Sidhu, who will remain as chairman. McGrath is coming out of retirement to take the job. He was formerly a co-founder of the consulting firm PRTM.

McGrath will have his work cut out for him. i2 has had a tough few years lately: it was delisted from Nasdaq last year, and in its most recent quarter posted a $2M loss.

According to an interview in Computerworld, McGrath plans more layoffs, up to 20% of the work force. He also plans to focus on consulting services to help customers actually achieve benefits from its software.

Novel idea.

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