Mark Williams new CFO at IBS

Mark Williams new CFO at IBS

IBS announces today that Mark Williams will join the company as Chief Financial
Officer (CFO), replacing Lennart Bernard. Lennart will stay with the company for
a medium term hand-over period.

Lennart Bernard joined IBS in 2007 and immediately instituted a policy of
stronger focus on cash generation than historically had been the case. He was
instrumental in improving financial reporting and steering the company towards
measuring cash earnings by offering rather than simply by geography. He also
provided invaluable competence in getting the cost structure of the company
under control as part of the strategic initiative launched in 2008. 

“After many hours of hard work I am very satisfied with what I have accomplished
during my time in IBS” says Lennart Bernard. 

As the cost portion of this initiative is bearing fruit, and the company also
changes listing from the Nasdaq OMX list to OMX First North, the company will
soon enter a new phase. In this phase Mark Williams will be performing an
extremely critical role in the growing of the business from the established core
platform. 

“I want to thank Lennart for all his contributions to the cost turnaround of
IBS, as he took the financial reporting and cost control mechanisms within the
company to new levels. The efficiency drive portion of the strategic initiative,
with the scale of the staff reductions and other cost measures, the aggressive
time frame and the necessity to preserve cash, could not have been executed
without his tireless efforts. I truly wish him all the best for his future
career”, says Mike Shinya, CEO and President of IBS.

“At the same time, I am very proud to bring in Mark Williams as CFO at this
time, a time that I believe to be a defining time for IBS. Mark has a stellar
career with not only finance positions in enterprise software companies in the
US, UK and France but also as a very commercially oriented executive who most
recently served as CEO at Hubwoo. Under his tenure Hubwoo transformed the
revenue model to a “Software as a Service” (SaaS) based model with 75% of
revenues coming as subscription fees. This experience will be a great asset
considering our own SaaS initiative but more importantly in our overall aim to
transform the company into the world's leading Distribution Systems Company”. 

Mark will take up his position as CFO on Tuesday, April 7, 2009. 


For more information, please contact:

Oskar Ahlberg, Senior Vice President of Communications, IBS AB
Tel: +46-70-244 24 75
oskar.ahlberg@ibs.net



IBS in brief
With over 30 years of experience, IBS is a leading provider of distribution
management solutions. IBS focuses on industries such as automotive, electrical
components, paper & packaging and pharmaceutical distribution. More than 5,000
customers across some 40 countries use IBS software to gain fast and measurable
returns on IT investments.

IBS B share is listed on OMX Nordic Exchange Stockholm. For more information,
please visit www.ibs.net