Manhattan Associates names new CEO
The Board of Directors of Manhattan Associates today announced plans for Eddie Capel to succeed Pete Sinisgalli as Manhattan’s chief executive officer effective January 1, 2013. Sinisgalli will continue to serve on the Manhattan Associates Board of Directors. Capel joined Manhattan Associates in June 2000 and has deep experience in all areas of the company’s business.
To help him prepare for the CEO role, he was appointed to the chief operating officer position in January 2011. Effective today he is promoted to president and chief operating officer and appointed to the Manhattan Associates Board of Directors. He and Sinisgalli will work together over the balance of 2012 to ensure a smooth transition of responsibilities.
John Huntz, Chairman of the Board of Manhattan Associates, said, “During his tenure as CEO, Pete Sinisgalli has been an outstanding leader for our company. The Board thanks Pete for his many important contributions to our success. Over the past few years, our Board has worked closely with Pete to develop a succession plan for the CEO position. Eddie Capel has proven to be a highly qualified, experienced leader, and we have great confidence he will continue to drive Manhattan Associates’ market leadership and financial success.”
Sinisgalli stated, “This is an ideal time for a CEO transition. The company is in very good shape strategically, competitively, operationally and financially. The management team at Manhattan is second to none and is ready to capitalize on the many market opportunities ahead. I have great confidence in Eddie and his ability to lead Manhattan to the next level of success. He is surrounded by a very strong group of talented people at all levels of the organization.”
Capel said, “I look forward to working closely with Pete to finish out 2012 in strong fashion, and I’m excited about leading Manhattan Associates in 2013 and into the future.”