Blue Yonder, a digital supply chain and omni-channel commerce fulfillment company, announced that Duncan Angove has been named as Chief Executive Officer, effective immediately. Angove is a strategic business leader with decades of tech and leadership experience, previously holding senior executive roles at Infor, Oracle and Retek. Duncan Angove succeeds Mark Morgan who held the role of interim CEO since February 2022.
What is the growth rate of Blue Yonder?
Angove takes the reins of a company well positioned for continued growth. Blue Yonder is the only company recognized a Leader in three Gartner Magic Quadrant reports covering Supply Chain Planning, Transportation Management Systems and Warehouse Management Systems.
In 2021, the company grew to over $1.1 billion in annual revenue, with Software-as-a-Service annual recurring revenue of $475 million. The company has also won numerous workplace culture and recognition awards, including being named a Great Place to Work.
Blue Yonder’s over 3,000 customers include some of the world’s leading brands, including 70 of the Top 100 consumer products goods companies, 61 of the Top 100 manufacturers, 68 of the Top 100 retailers, and 11 of the Top 15 third-party logistics companies.
“We recognize the opportunity that Blue Yonder brings to Panasonic Connect’s growth as evidenced by our preparations for a stock exchange listing,” commented Yasu Higuchi, Chief Executive Officer, Panasonic Connect and chairperson, Blue Yonder Board of Directors.
“After careful consideration, we’re confident that Duncan’s proven track record growing companies such as Infor, Oracle and Retek, as well as his supply chain experience and working with customers, makes him the right leader to take Blue Yonder’s growth and innovation to the next level. We want to thank Mark Morgan for his effective leadership over the past five months while serving as interim CEO and for his many contributions to the firm.”
What is Angove’s industry expertise?
Angove has over 25 years of enterprise software and supply chain experience including serving as president of Infor, a cloud apps company with over 70,000 clients. During his tenure, he helped lead the transformation of Infor into the first industry cloud company with over 60 million subscribers. This ultimately led to Infor’s successful sale to Koch Industries.
He has held senior executive roles at Oracle and Retek, and currently serves on Honeywell’s board of directors. Most recently, Angove served as managing partner of Arcspring, a tech-focused private equity firm built by technology operators, which he co-founded.
Commenting on the new role, Angove said, “I am excited to join such a proven supply chain software industry leader in Blue Yonder. The supply chain is at the forefront of every firm’s C-level conversation and has never been more important. Having spent years in every part of the supply chain and the retail industry, I look forward to working with the collective team to lead us into what’s next for the future of supply chain and omni-channel fulfillment.”