Descartes Expands Senior Management Team With Automotive Expert
WATERLOO, Ontario--Feb. 27, 2001--Fred Thomas Joins Descartes as Senior Vice President, Automotive
The Descartes Systems Group Inc. , a leading provider of global Internet logistics solutions, announced today the appointment of Fred Thomas to Senior Vice President, Automotive, reporting to Descartes' Group President Aivars Lode. With over 20 years experience applying IT solutions to automotive industry challenges, Fred will bring Descartes' leading Internet logistics and fulfillment solutions and the Descartes Global Logistics Network to the automotive industry.
Fred comes to Descartes after serving as President & CEO at BRAIN North America, Inc. At BRAIN, Fred led the development of a new global automotive product strategy for ERP and e-business software solutions. Fred has also handled sales, finance and management assignments at Volkswagen of America, and senior IT and product development postings at Ross Roy Communications, Compuware/Perot Systems, BAAN USA, Inc. and CMI-Competitive Solutions, Inc.
"Automotive manufacturers are remodeling their supply chain, inventory management and logistics practices to develop more condensed order-to-delivery cycles and distribution models that best serve their customers' needs," said Thomas. "They are moving to build-to-order, Just-in-Time (JIT), and other innovative business models, which require a high degree of connectivity between their suppliers, transportation and logistics service providers, manufacturing facilities and distribution networks, and greater control over their trading partner relationships, inventory and shipments. Descartes is bringing its DeliveryNet logistics and fulfillment solutions and the Descartes Global Logistics Network to enable these best practices in the automotive industry."
"Descartes sees tremendous opportunity for automotive manufacturers to derive multi-million dollar savings through better logistics and fulfillment practices powered by Descartes' DeliveryNet solutions. Fred has joined Descartes to bring these solutions to an industry he knows well," said Aivars Lode, Group President at Descartes. "We welcome Fred to the Descartes management team and look forward to his leadership for the creation of new relationships with members of the automotive industry on the Descartes Global Logistics Network."
Descartes provides the Descartes Global Logistics Network as a platform for automotive enterprises to build highly adaptive and responsive supply chain networks. Descartes also makes available Internet-based visibility, logistics and fulfillment services over the Network to help create high velocity, highly efficient supply chains and logistics practices.
About Descartes
Descartes is a leading provider of global Internet logistics solutions that facilitate B2B e-commerce. Descartes' logistics network technology and network-based services enable companies to create high-speed, high-performance fulfillment networks called DeliveryNets. DeliveryNet solutions empower organizations to deliver reliable, responsive customer service in a profitable manner and to create innovative new products and services.
DeliveryNet solutions leverage Descartes' Internet-based Global Logistics Network, an open, worldwide network of shippers, receivers, carriers, logistics service providers, e-marketplaces, vertical portals, and transportation exchanges. The result is a global logistics community connected to Descartes' technological infrastructure that provides cost savings and revenue opportunities for businesses that need to manage physical product movement.
For more information about Descartes, visit www.descartes.com.
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This release contains statements that may relate to expected revenue from and transaction volume of Descartes customers, performance of Descartes' DeliveryNet solutions, market dynamics and other matters that may constitute forward-looking statements that involve risks and uncertainties. The Company's actual results may differ from the results discussed in the forward-looking statements as a result of factors discussed in the section entitled, "Risk Factors" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada.
DESCARTES SYSTEMS GROUP
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