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After 54 years on the board, American Software's co-founder steps down

Published 22/02/2024, 08:52 am
Updated 22/02/2024, 08:52 am
© Reuters.

ATLANTA - American Software , Inc. (NASDAQ: NASDAQ:AMSWA) announced that co-founder, Executive Chairman, and Treasurer, James C. Edenfield, has decided to resign from his roles on the Board and as Treasurer. Edenfield's resignation was accepted today, and he will continue to serve as an advisor to the company and its Board.

Edenfield, who has been a pivotal figure in the company since its inception in 1970, played a crucial role in the development of software applications that have significantly impacted the supply chain management software industry. His tenure included serving as Co-Chief Executive Officer, President, and overseeing the company's initial public offering in 1983, among other accomplishments.

James B. Miller, Jr., who has been a member of the Board since 2002, will take over as the Chair of the Board effective immediately. Allan Dow, CEO of American Software, expressed gratitude for Edenfield's contributions over the past five decades and welcomed Miller's new role as Board Chair.

This leadership change comes amidst an ongoing review by the company's Nomination and Corporate Governance Committee of the corporate and dual class structure, which is expected to be completed before the annual shareholder meeting.

American Software, headquartered in Atlanta, is known for its AI-powered supply chain management and advanced retail planning platforms through its operating entity Logility. The company serves a wide range of clients, including Big Lots (NYSE:BIG), Carter's (NYSE:CRI), and Fender Musical Instrument Co., offering solutions that are sold both directly and through a global reseller network.

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