TSX:KXS - Post Discussion
Post by
retiredcf on Jul 12, 2023 12:04pm
TD
Kinaxis Inc.
(KXS-T) C$185.42
Appoints new CMO Event
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12-Month Target Price: C$210.00 |
12-Month Dividend (Est.): C$0.00 |
12-Month Total Return: 13.3% |
Kinaxis announced the appointment of a new Chief Marketing Officer, Margaret Franco, to lead the company's global marketing strategy. Margaret replaces Jay Muelhoefer, the company's prior CMO since March 2018, who left his role in March 2023. |
Impact: NEUTRAL
Strengthens global expertise. Margaret joins Kinaxis from an equivalent role at Finastra, a fintech software provider based in London, U.K. with ~US$1.9bln in revenue serving the majority of the world's largest banks. Prior to Finastra, Margaret held several executive global roles at Dell in North America, Europe, and Asia, leading global field marketing teams.
Good fit to address the strong demand. Management expects F2023 to be an investment year as the company expands its sales and marketing team to capture the strong demand for supply chain transformation technologies. We believe Ms. Franco brings a breadth of global experience that will help the company with its global expansion efforts.
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