Osaka, Japan – Panasonic Corporation announced that its wholly owned subsidiary Blue Yonder’s Chief Executive Officer Girish Rishi is leaving the company. Mark Morgan, Blue Yonder executive vice president (EVP) of Worldwide Commercial Business, will serve as interim CEO during the search for Rishi’s replacement. Rishi will remain with the company through the end of February to ensure a smooth transition.

Rishi leaves Blue Yonder following a record-breaking year for the company, featuring total revenue of $1.1 billion, SaaS backlog of more than $1 billion, and a record number of cloud customers. He joined the company in 2017, leading it through the transition of its solution portfolio to the cloud, including key strategic acquisitions of Blue Yonder and Yantriks, and elevating customer satisfaction and associate engagement scores that garnered the company  accolades as a “best place to work” from Glassdoor and others.

“As evidenced by our recent earnings release, business has never been healthier for Blue Yonder. Supply chain optimization is at the forefront of every boardroom conversation around the world, and Blue Yonder plays a critical role as the leading end-to-end solution provider,” said Rishi. “It has been one of the most rewarding experiences of my career to work alongside our amazing 5,500 associates these past five years and I am confident they will continue to innovate and work tirelessly to fulfill the potential of Blue Yonder customers worldwide.”

Morgan, who will become interim CEO at the end of February, has been with the company for 23 years, starting in a solutions advisory capacity and assuming progressive management roles. During that time, he has served in a variety of strategic leadership positions in the U.S. and abroad, with emphasis on ensuring customer success, revenue growth and associate development.

“In my 23 years with the company, I have seen Blue Yonder enable companies to deliver the world’s essential goods such as food, water and medicine, more quickly and efficiently. We are  passionate about this work,” said Morgan. “We have an incredible opportunity in front of us and I am excited to lead Blue Yonder through this transition and work alongside our world-class team to drive innovation and value delivery across our expansive customer base. I am grateful for Girish’s innovative leadership, vision and friendship over these last five years and look forward to building on our success in the days ahead.”