Epicor names new CEO
Dubai, June 9, 2011
Epicor Software Corporation, a global leader in business software solutions, has named Silicon Valley technology leader Pervez Qureshi as president and chief executive officer, effective immediately.
“The new Epicor is a true global leader in industry-specific business applications software with over 33,000 customers in more than 150 countries,” said Qureshi.
“I am honoured to have the opportunity to lead our newly combined company through its next phase of growth, and build on the momentum of market leadership, innovation and a customer-focused culture that is our shared heritage.”
“Above all, I look forward to working with an immensely talented team of over 4,000 employees to deliver even greater value to the customers and markets we serve – from manufacturing, distribution and services, to hardgoods and softgoods retailing,” he added.
Qureshi brings over 20 years of management experience in the software and technology industry. Since 2006, Qureshi has served as CEO and President of Activant Solutions, which was combined with Epicor following the acquisition of both companies by funds advised by Apax Partners.
Qureshi has an MBA from the Darden Graduate School of Business at the University of Virginia and a BSEE degree from the University of Lowell in Massachusetts.
“We are excited about working with Epicor as it enters this next chapter of growth. In particular, we are enthusiastic about our partnership with Pervez, a strong leader who we believe can successfully balance strong growth with profitable operations,” said Jason Wright, a partner at Apax Partners.
"Pervez’s deep industry experience combined with his leadership capabilities, make him the right person to serve as the foundation for a strong Epicor management team. We look forward to supporting him as he drives even greater success for Epicor, its customers, and employees worldwide,” he added.
The company also announced the appointment of Kathy Crusco as executive vice president and chief financial officer of Epicor.
Crusco joined the former Activant in May 2007, and brings over 20 years of experience serving in a variety of financial roles at Documentum, Adaptec and Price Waterhouse.
She graduated from California State University of Chico with a bachelor’s degree in business with an emphasis in accounting.
“Kathy brings extensive experience in accounting, analytics, and strategic finance as well as a tremendous amount of experience in the technology industry,” said Qureshi. “As a member of the senior executive team, I am confident Kathy will provide the financial leadership and strategic insights needed as we build on the momentum that Epicor has in the market.”
Former Epicor Chairman, President and CEO George Klaus will retain the role of Chairman and continue to play an important part in the company’s strategic development, a statement said. – TradeArabia News Service