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Manhattan Associates stock falls on CEO retirement news

Published 10/02/2025, 17:40
© Reuters.
MANH
-3.04%

Investing.com -- Shares of Manhattan Associates Inc. (NASDAQ: NASDAQ:MANH) tumbled 8.4% today following the announcement of President and CEO Eddie Capel’s retirement set for February 12, 2025. Capel, who has been with the company since June 2000 and has served as CEO since January 2013, will transition to the role of Executive Vice-Chairman of the Board. He will be succeeded by Eric Clark, current CEO of NTT Data North America.

During Capel’s tenure, Manhattan Associates solidified its standing as a leading global technology provider in supply chain and omnichannel commerce. John Huntz, Chairman of Manhattan, praised Capel’s accomplishments, crediting him with setting strategic direction and creating shareholder value. Capel expressed confidence in the company’s current position and its future under Clark’s leadership.

Clark brings experience from his leadership roles at ServiceNow (NYSE:NOW), Dell (NYSE:DELL), Hewlett Packard Enterprise (NYSE:HPE), and other prominent firms. His appointment comes after a two-year succession planning process. He expressed enthusiasm about building on Manhattan’s achievements and leading the company to future success.

Raymond (NSE:RYMD) James analyst Brian Peterson commented on the transition, reiterating an outperform rating and a $270.00 price target for MANH. He stated, "CEO Eddie Capel has been instrumental in leading MANH’s cloud transition and product innovation story over the last several years, and he was widely considered a great CEO by the Street."

Investors appear to be reacting to the uncertainty of a leadership change, despite the company’s strong position and the Board’s confidence in the succession plan. The stock movement reflects the market’s sensitivity to executive changes, especially when the departing CEO has been credited with significant contributions to the company’s growth and direction.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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