The addition of such a distinguished member to Retail Solutions' Board of Directors ensures the company will continue to benefit from a diversity of experience and opinions.
Sunnyvale, CA (PRWEB) October 14, 2009
Retail Solutions Inc., the leading solution provider helping consumer product goods (CPG) companies create value with retailer data, today announced the appointment of Keith Krach to its Board of Directors.
"We are delighted to welcome Keith Krach to our Board of Directors. Keith's experience in building a tremendously successful company in an emerging space is second to none," said Jon Golovin, Retail Solutions Chairman and Chief Executive Officer. "The addition of such a distinguished member to Retail Solutions' Board of Directors ensures the company will continue to benefit from a diversity of experience and opinions."
Keith Krach is currently the CEO of 3Points, Inc., an investment holding company based in Los Gatos, CA. Krach co-founded Ariba in 1996, and under his leadership as CEO, Ariba rapidly grew to become the dominant global player in the B2B e-commerce industry. In 2000, Krach was honored for his accomplishments in e-business with the Ernst & Young National Entrepreneur of the Year award and the Technology Pioneer Award from the World Economic Forum in Davos, Switzerland. Prior to this, during his 10 years with GM, Krach was named GM's youngest-ever vice president and spearheaded GM's first Japanese joint venture, GMF Robotics.
Krach is the current Chairman of the Board of Trustees at Purdue University. He has also lectured at Harvard, Stanford, Berkeley and IMD in Switzerland, and is committed to numerous philanthropic endeavors, including co-founding the Children's Autistic Network and serving on the Board of Governors for Opportunity International, the largest issuer of micro loans in the world. Krach holds a BS degree in industrial engineering from Purdue University and an MBA from Harvard University.
"Retail Solutions has built a set of solutions, a customer base, a growth rate and a ROI model that give the company the opportunity to establish leadership in a very large and exciting market," said Krach. "Retail Solutions' situation mirrors opportunities I have seen many times in my career, and I am excited to contribute my experience to help the company be successful."
This addition increases the number of Retail Solutions directors to six. In addition to Krach, the members of Retail Solutions' board are Brian Ascher, Partner, Venrock Associates; Byron Deeter, Partner, Bessemer Venture Partners; Jonathan Golovin, Chairman and CEO, Retail Solutions; Richard Swan, Chief Technical Officer, Retail Solutions; and Bob Todd, Partner, Red Rock Ventures.
About Retail Solutions Inc.
Retail Solutions applies science to retailer data. Retail Solutions develops and delivers a comprehensive suite of Software-as-a-Service (SaaS) solutions that turn retailer data, such as point-of-sale (POS), supply chain, merchandiser feedback and EPC data into actionable visibility into the store and onto the shelf.
More than 300 leading companies such as Bausch & Lomb, Bayer, Colgate-Palmolive, Clorox, HP, Kao Brands, Kraft, Novartis, Procter & Gamble, Reckitt-Benckiser, Schering-Plough Corp., Stemilt and Unilever trust Retail Solutions to grow their retail sales, maximize in-store operation productivity, plan and execute more effective promotions, reduce their costs and join efforts with retail partners to improve shelf availability and consumer satisfaction. Please visit http://www.retailsolutions.com for more information.
Media and Analyst Contact Information:
Cedric Guyot, +1(408) 541-5224