Adexa Underlines Commitment to Fiscal Responsibility; Michael Gleason Appointed Chief Financial Officer.Business Editors/High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--Oct. 6, 2003 Adexa, Inc., a leading provider of integrated supply chain and performance management solutions, today announced that Michael Gleason Michael D. Gleason (born ? - died January 11, 1923) was an American rower who competed in the 1904 Summer Olympics. In 1904 he was part of the American boat, which won the gold medal in the eights. External link
"Mike Gleason has proven himself to be an exemplary tactician and manager of our global financial operations," said Cyrus Hadavi, Adexa's president and chief executive officer. "His ability to design and implement financial strategies, processes and controls, coupled with his expertise in international tax law, has enabled Adexa to maintain its economic strength during an extremely difficult market downturn. Moving forward, Mike's commitment to fiscal responsibility and shareholder value will continue to be inherent in our corporate strategy." Michael Gleason joined Adexa in 2000 as the company's controller, steadily advancing to roles with increased responsibility for strategy and leadership. He has been involved in every aspect of Adexa's financial operations, including budgeting, forecasting, reporting and auditing. Mr. Gleason is also experienced on the development and implementation of financial event strategies, including venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends and Initial Public Offerings (IPOs). "Adexa has emerged from the economic downturn in a solid position to increase revenues and marketshare," said Mr. Gleason. "We have restructured our global sales and support resources to reflect market demand and growth projections, and we have synchronized syn·chro·nize v. syn·chro·nized, syn·chro·niz·ing, syn·chro·niz·es v.intr. 1. To occur at the same time; be simultaneous. 2. To operate in unison. v.tr. 1. our technology development and acquisition efforts with the highest growth market opportunities. My role is to manage our growth to drive profitability and higher returns." About Adexa Founded in 1994, Adexa delivers solutions that synchronize See synchronization. corporate planning with operations planning and execution, to ensure assets are utilized to achieve strategic objectives. Adexa helps companies reduce the cost of goods sold Cost of goods sold The total cost of buying raw materials, and paying for all the factors that go into producing finished goods. cost of goods sold , shorten lead-times for orders, and reduce inventory costs through improved supply chain collaboration and management. Adexa's global customer base includes AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. , Firmenich, General Motors, Mannington Mills, Maytag, Philips, Pulse, Samsung, Siemens, TSMC TSMC Taiwan Semiconductor Manufacturing Company, Ltd TSMC Taiwan Semiconductor Manufacturing Corporation TSMC Traffic Systems Management Center TSMC Toll Station Management Controller TSMC Transportation Supply Maintenance Command TSMC Technical Services Manager Code , and Unilever. For more information visit www.adexa.com. |
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