Corporate management: i2 Technologies names permanent CEO
i2 Technologies, Inc. announced that its board of directors has named Dr. Pallab K. Chatterjee i2 chief executive officer (CEO). Chatterjee has been the Company’s interim CEO since July 31, 2007.
Chatterjee succeed Michael E. McGrath, who was brought in by company co-founder, Sanjiv Sidhu, in 2005 to stabilize a company that fallen on hard times.
In its early days, i2 experience rapid growth on the strength of its supply chain management applications. It grew even faster during the dot-com era as its applications were touted as potential engines for a wide range of Internet-based enterprises.
When the Internet bubble burst, i2’s sells sank, and many industry experts wondered if the company would survive. Sidhu, who has stepped away from active involvement in the company, came back for a short stint as CEO before luring McGrath to the job.
When McGrath stepped down in July 2007, he said he had accomplished what he came to do. Chatterjee was named interim CEO, and a search for a permanent chief began.
Now that quest has ended with Chatterjee being named to the post.
“We have been pleased with i2’s performance under Pallab’s leadership,” said Jackson L. Wilson Jr., executive chairman, i2 board of directors. “i2’s accomplishments during his tenure as interim CEO are noteworthy and have been done in a very competitive market under the most adverse circumstances. I am confident that he and the i2 management team will continue to deliver supply chain results to companies around the world.”
During Chatterjee’s tenure as interim CEO, i2 recorded two consecutive quarters of growth in total bookings and posted the company’s highest total quarterly bookings in the last three years. A new sales execution model coupled with new services lines for the company’s Total Supply Chain Management approach have driven these results and increased backlog under Chatterjee’s leadership. Additionally, the company has delivered positive cash flow across this period.
Chatterjee joined i2 in January 2000 as chief operating officer and held numerous i2 leadership positions before assuming the role of executive VP, solutions operations and chief delivery officer. During his tenure, Chatterjee has been integral to some of i2’s top sales and services efforts, including the company’s Supply Chain Leaders initiative. He has also been responsible for i2’s India operations, service delivery, and research and development.