Dallas -- May 02, 2001 Didn't I just write this article? One of the largest B2B software companies gets a new CEO; former CEO moves to the board of directors. Sound familiar?
Well, that's because on Monday, Ariba announced that its CEO, Keith Krach, was stepping down, making way for the new Ariba CEO, Larry Mueller. (For more information, see New CEO for Ariba). And now, today, one of Ariba's largest competitors, i2 Technologies, made a very similar announcement.
According to i2's announcement, Greg Brady, a seven-year veteran of i2, has stepped up to the position of CEO. Sanjiv Sidhu, the former CEO and i2 founder, will continue as chairman of the board of directors. Romesh Wadhwani will remain in his current role as vice chairman.
Before joining i2, Brady worked for Oracle, J.D. Edwards and McCormack & Dodge. Since 1994 Brady has served as president of i2. He also currently serves on the board of directors of EXE Technologies and Primavera Systems, Inc.
Along with his appointment to the position of CEO, Brady is expected to become a member of i2's board of directors.
In response to the decision, new i2 chairman Sanjiv Sidhu said, Greg is extremely dedicated to the success of i2. He has worked tirelessly to help us achieve and exceed our goals. He has earned this position.
Greg and I have worked very closely over the past seven years building a strong company focused on delivering value to our customers, continued Sidhu. Greg possesses the best combination of sales and marketing, technology and business skills of any executive I know in the high-end software applications space. He knows and thoroughly understands i2, its customers, its partners and its investor base.
Sanjiv and Romesh have created a tremendously successful company, said Brady. As a result of their leadership and the hard work of i2 employees, i2 is uniquely positioned to grow from a $1 billion to a $5 billion company, with the broadest solution footprint available, more successful customers, and more value delivered than any of our competitors. With their continued involvement, we will be able to take i2 to the next level to aggressively step on the gas' and fuel i2's growth.