Blue Yonder CEO Girish Rishi is stepping down after five years in the top job, according to a company announcement released Monday.
During his tenure, Blue Yonder grew dramatically and underwent several major changes, including a multibillion-dollar acquisition by Panasonic last year.
Mark Morgan, currently the executive vice president of worldwide commercial business, will serve as Blue Yonder’s interim CEO as the company searches for a full time replacement.
“It has been one of the most rewarding experiences of my career to work alongside our amazing 5,500 associates these past five years,” Rishi said in a statement. “I am confident they will continue to innovate and work tirelessly to fulfill the potential of Blue Yonder customers worldwide.”
Rishi will remain with the company until the end of February, at which time Morgan will step into his interim position. Morgan has been with the company for 23 years, working his way up from a solutions advisory role to greater and greater leadership roles.
“Over the last five years, working with the Blue Yonder team, our customers, partners and communities around the world has been nothing short of a spiritual experience for me. I shall remain eternally grateful for your unwavering support,” Rishi wrote on his LinkedIn page.
“Once past the transition, there will be new pursuits for me. But before then, I plan to go looking for a Badger around the frozen lakes of Madison, Wisconsin. In a watering hole, staring at a Spotted Cow, we will listen to the ballad hymn “Father, Son” by Saint Peter (Gabriel).”
Blue Yonder is a software-as-a-service (SaaS) company working in digital supply chain and commerce fulfillment, a sector which has been battered by the Covid-19 pandemic. The company reported a record-setting year in 2021, including $1.1 billion in annual revenue which was up 10% from its 2020 results.
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