Aldata Solution Oyj STOCK EXCHANGE RELEASE 18 November 2011 at 9.15 a.m. (EET) ALDATA APPOINTED ROY J. SIMRELL AS PRESIDENT AND CEO The Board of Directors of Aldata has decided to appoint Mr. Roy J. Simrell as the President and CEO of Aldata Solution Oyj, as of 1 December 2011. Mr. Simrell, born in 1965, has 25 years of broad experience in retail technology, software development and IT services. Until recently, he was the President of the US Business unit of a global retail technology provider with approximately USD 130 million of annual revenues. Prior to that, Mr. Simrell worked during 9 years at Catalina Marketing in various executive roles, most recently as Corporate Senior Vice President of Information Technology and Research & Development. He has extensive experience and a proven track record in establishing company strategy and objectives and in managing sales and the delivery of complex, mission critical software projects to some of the world's leading retailers. He also brings global experience having lived in Europe and working in Asia. Previously he worked at Fujitsu - ICL Retail Systems as Director - Point of Sale System Application Development, and at RS Technologies Inc. as founder and CEO, serving the hospitality and convenience store industries. Mr. Bertrand Sciard, President and CEO of Aldata since August 2007, will be acting CEO until 1 December 2011, when the new CEO enters his position. Mr. Sciard will continue to act as a member of the Board of Directors at Aldata Solution Oyj, and is expected to work with Symphony in other capacities as an adviser. Bertrand Sciard will be entitled to compensation related to his mandate's loss, based on the terms and conditions of his service agreement. "The Board of Directors and Symphony Technology Group thank Bertrand for his service to Aldata. He has laid the groundwork for Roy by developing Aldata and guiding the Company's organisation into a more scalable model" says Mr. William Chisholm, Chairman of the Board of Directors. Mr. William Chisholm comments: "Symphony has been an investor in Aldata since 2006 and we believe in the potential for developing Aldata's business further. Part of the strategic plan disclosed by Symphony this summer during the process of the mandatory tender offer was to evaluate changes that may occur in the management of the Company. We believe that there is a need for certain adjustments to Aldata in the medium to long term, with the ultimate goal of positioning Aldata for success. Roy is a critical part of this change; he has in his previous positions demonstrated his strong ability to run and develop a leading business of retail software solutions and we are confident that he will bring the level of experience required to lead Aldata forward. The focus of the management team will remain to provide best in class solutions and support for Aldata's customers and market leadership in our sector". Helsinki, November 18, 2011 Aldata Solution Oyj Further information: Investor Relations, tel. +33 6 33 05 76 20 About Aldata Aldata is a global leader in retail and distribution optimization. Our software and service solutions help retailers, distributors and manufacturers dramatically improve their business performance. We optimize categories, space, supply, logistics, and consumer engagement to increase our customers' revenue and margins, reduce time, cost and waste, and enhance on-shelf availability, service, and retention. Founded in 1988, Aldata has an unparalleled track record of delivering successful projects for the world's largest retail and consumer brands, national wholesale and distribution organizations, and regional store chains. Aldata Solution is a public company quoted on NASDAQ OMX Helsinki Ltd with the identifier ALD1V. Discover more about Aldata's customers, our solutions, and the multi-skilled global team that supports them at www.aldata.com Distribution: NASDAQ OMX Helsinki Ltd Media www.aldata.com [HUG#1564959]
ALDATA APPOINTED ROY J. SIMRELL AS PRESIDENT AND CEO
| Quelle: Aldata Solution Oyj