Kinaxis

Hedge fund Irenic Capital Management on Tuesday urged Kinaxis to see who may want to buy the Canadian software company and warned its board against making "reactive decisions" and taking "half measures." » Mehr auf reuters.com

OTTAWA, Ontario--(BUSINESS WIRE)--Kinaxis Inc.® (TSX:KXS) a global leader in end-to-end supply chain orchestration, is today providing an update on its business. The company today announces that Robert Courteau has been named Executive Chair of Kinaxis, effective immediately, and will serve in this role until a permanent CEO is in place. Kinaxis previously announced that John Sicard will be retiring at the end of 2024, and the search for his successor is well underway. As Executive Chair, Mr. C. » Mehr auf businesswire.com

Kinaxis is a Best-In-Class Software Asset in a Strategically Important Category, but has been Plagued by Years of Poor Execution and Mismanagement Under the Current Board's Supervision Numerous Financial Sponsors and Strategic Buyers Could have Strong Interest in Acquiring Kinaxis Given its Market-Leading Position in Supply Chain Planning Recent Abrupt Departures of Kinaxis's Chief Executive Officer and Chief Sales Officer Necessitate an Immediate Sale Process to Maximize Shareholder Returns While Minimizing Significant Execution Risks NEW YORK , Sept. 9, 2024 /PRNewswire/ -- Daventry Group, LP ("Daventry"), which together with its affiliates beneficially owns or controls approximately 1.4% of the outstanding stock of Kinaxis Inc. (TSE:KXS) ("Kinaxis" or the "Company"), today sent a letter to the Company's Board of Directors (the "Board") highlighting the urgent need for the Board to explore a sale of the Company to maximize shareholder returns and minimize execution risk following the abrupt departures of its Chief Executive Officer John Sicard and Chief Sales Officer Claire Rychlewski. » Mehr auf prnewswire.com