ATLANTA, Georgia -- Manhattan Associates Inc. MANH, the global leader in best-of-breed warehouse and transportation management systems, announced the appointment of Richard (Dick) M. Haddrill, former president and chief executive officer of Powerhouse Technologies, as president and chief executive officer reporting to Alan Dabbiere, chairman of the board for Manhattan Associates, effective January 1, 2000. Dabbiere will continue to play an active role as chairman of the board and will remain involved in strategic projects associated with the company's future direction. PRNewswire, 10/18/99.
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Associates has proven that best-of-breeds can still be competitive in a consolidating marketplace. However, lackluster performance over the three quarters since its last fiscal year-end, combined with management team changes, may indicate the company is planning a change in direction (see figure). At $62 million in annual revenues (1998), Manhattan occupies the fourth position among supply chain execution vendors behind Industri-Matematik, privately held McHugh Software, and IBS. In contrast to many of