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4R Systems Appoints John Nives as
Senior Vice President of Sales and Service
Former executive at Nielsen to head business development activities
WAYNE, PA—November 29, 2005—4R Systems, Inc., a leading provider of profit-driven inventory optimization solutions that help retailers profitably drive superior customer service, announced today the appointment of John Nives as Senior Vice President of Sales and Service.
Mr. Nives, who brings more than 25 years of expertise in technology sales, marketing and business management to his role at 4R, will be focused on building-out the commercial organization which includes sales and client service.
"4R has done it right," commented John Nives. "They have taken the time and effort to build a quality solution that allows retailers to improve customer service while simultaneously increasing profitability. In talking to 4R's clients, I am impressed by how pleased and enthusiastic they are about the impact that 4R has had on their business. The next step is to take this message aggressively to the marketplace."
Prior to joining 4R Systems, Mr. Nives was Vice President and General Manager of Marketing Technology Solutions (MTS), where he managed the Pharmaceutical Information alliance between MTS and ACNielsen. Previously, he held executive positions at the worlds largest information company VNU / Nielsen Marketing and Media Research. Mr. Nives was Senior Vice President, Global Sales and Marketing for Nielsen//NetRatings and Senior Vice President, General Manager of Consumer Direct, an initiative between ACNielsen and Yahoo!. Prior to joining Nielsen, he was an Executive Vice President at Information Resources. He began his career in Management Science at Kraft General Foods.
"We are enormously pleased to add someone with John's depth of experience and insight to our senior management team," said Jiri Nechleba, President and Chief Executive Officer of 4R Systems. "His expertise in helping major corporations adopt analytic technology to drive their business expands 4R's capability to bring our breakthrough solutions to market. We look forward to him creating additional opportunities for 4R in the retail industry, as well as significant positive impact on 4R's business development efforts."
Mr. Nives earned an MBA in Finance and Computer Science from Pace University and a B.S. in Industrial Engineering from State University of New York at Buffalo.
About 4R Systems, Inc.
4R Systems provides retailers breakthrough technologies that profit optimize inventory decisions throughout an item's life including the initial buy, replenishment and allocation for stores and DCs, and end-of-life strategies including markdowns. 4R's solutions help manage inventories to levels that lower out-of-stocks and increase service levels without injecting unproductive inventory. As a result, 4R Systems' clients, such as Crate & Barrel and Linens 'n Things, have seen improvements in sales, service levels, inventory levels and profitability. For more information on how 4R Systems can work with your team to tailor a profit optimized inventory solution for you, visit www.4rsystems.com or call 1-866-4RSYSTEMS.