Solution provider giant NTT Data North America names Sudhir Chaturvedi as its new CEO and global chief growth officer.
Eric Clark has been named the new CEO at supply chain commerce application vendor Manhattan Associates. Earlier this month NTT Data North America, where Clark (pictured) had been CEO for less than a year, said Clark was leaving to take “a leadership role” outside of the company.
Succeeding Clark at the Plano, Texas-based NTT division – No. 3 on the 2024 CRN Solution Provider 500 – is Sudhir Chaturvedi, NTT Data said in a statement. Along with serving as North America CEO, Chaturvedi also assumes the newly created role of global chief growth officer (GCGO) at the company.
As GCGO, Chaturvedi “will lead the acceleration of consistent growth strategies globally, with special focus on global industries, strategic accounts, and joint go-to-market execution with key strategic partners,” according to NTT. He reports to NTT Data President and Global CEO Abhijit Dubey.
[RELATED: Cisco CX Leader Denzil Samuels Leaves For Solution Provider Behemoth NTT Data]
Eric Clark Joins Manhattan Associates
Clark joins publicly held Manhattan Associates shortly after it reported strong financial results for 2024 but provided 2025 revenue guidance that was below analysts’ consensus expectations, causing Manhattan Associates stock to plunge more than 24 percent on Jan. 29.
CRN has reached out to Clark, Manhattan Associates and NTT for additional comment.
Manhattan Associates has a partner program that includes such 2024 Solution Provider 500 heavyweights as Capgemini, IBM Consulting and Accenture.
Altogether Clark worked at NTT Data for about seven years, according to his LinkedIn account. He started in 2018 as chief digital and strategy officer for NTT Data North America and held that post for nearly five years. He was named CEO of NTT Ltd. Americas in September 2022 and then CEO of NTT Data North America in April of last year.
His resume includes about two years with ServiceNow, leaving in 2018 as senior vice president of global services. He also worked at Dell Technologies for about four years, leaving in 2016 as global vice president for commercial industries.
At Manhattan Associates, Clark succeeds CEO Eddie Capel, who retired effective Feb. 12, according to a statement from the vendor. Capel – who joined Manhattan Associates in 2000 and became president and CEO in 2013 – will continue to serve as executive vice chairman and assist with the CEO transition as well as “special projects.”
“Eddie Capel and the Manhattan team have an impressive track record of innovation and market growth,” Clark posted to his LinkedIn account. “I am confident that we will continue to excel, fostering a culture of excellence and collaboration that will set us apart in the industry.”
New NTT Leader
As for Chaturvedi, he comes to NTT Data after more than 10 years with LTIMindtree, an India-based solution provider according to his LinkedIn account. He previously served as president of LTIMindtree.
“I’m excited to join NTT Data Group, a true powerhouse in the technology industry with revenues of $30 [billion],” Chaturvedi said on LinkedIn. “I’m looking forward to working with 200,000 professionals across 50 countries, every one of them focused on innovating and transforming the operations of clients that include 75 percent of the Fortune Global 100. The future is bright for NTT Data, Inc. and I’m happy to be a part of writing the next chapter in our story. This is our time.”
Chaturvedi’s resume includes about three years as chief operating officer of NIIT Technologies, now known as Coforge. He also worked at Infosys for about 14 years, leaving in 2013 as senior vice president and head of financial services in the Americas.
In NTT Data’s most recent quarterly earnings report, released Feb. 6, the company said its North America division saw a 67.3 percent increase year over year in new orders received, helping to drive the 22.2 percent increase in orders for the entire overseas business.
However, North America saw net sales fall 17.7 percent year over year to about $3 billion (496.1 billion yen). Overseas net sales almost doubled overall year over year.
NTT Data attributed the North America sales decrease to “the loss of projects in the healthcare sector and a decrease in sales of communication terminal equipment.”
Manhattan Associates’ stock traded at about $190 a share Friday after the market close, down more than 35 percent from $295.10 on Jan. 28 when the company reported its 2024 fourth quarter and full-year financial results.
The company reported $255.8 million in revenue for the quarter, up 7 percent year over year. But the company lowered its 2025 outlook by about $70 million, calling for total revenue growth of 2 percent at the midpoint, according to a report by investment firm William Blair.
The report said that foreign exchange rates accounted for $20 million of the lowered outlook and continued budgetary scrutiny leading to a decline and delay in services work contributed to the rest of the reduced guidance. Manhattan Associates said it still expects 23 percent growth year over year in subscription revenue for 2025 and raised remaining performance obligation (RPO) by $13 million at the midpoint, reflecting a 20 percent growth year over year.
The search for a successor CEO to Capel spanned more than two years, the William Blair report said. The investment firm felt that Clark had set “the business up for sustained momentum as it continues to push forward its cloud model transition.”
The analyst firm described Manhattan Associates as “an exceptionally high-quality business with an industry leadership position in the supply chain software ecosystem and improving financial profile attributable to a favorable subscription mix shift” despite the share price decline.
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Publish date : 2025-02-17 23:48:00
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