Epicor Software Corporation, a global provider of industry-specific enterprise software, has announced that President and Chief Executive Officer Joe Cowan is set to retire at the end of October, stepping down from the leadership role and his position on the Epicor board of directors. The board of directors has appointed Stephen Murphy, former president of OpenText, to the role of CEO.
“Over the past four years, we have built a strong executive management team with a mix of proven industry leaders from inside and outside of the organization,” said Cowan. “I’m proud of our accomplishments enhancing the customer experience, delivering high quality solutions that empower our customers around the world to grow business, and the many milestones achieved on our cloud transformation journey. I am confident that the board, the team and Stephen will continue to drive Epicor to new heights.”
“On behalf of the board of directors, I would like to thank Joe for his four years of distinguished service to Epicor and support in this transition,” said Herald Chen, Chairman of the Epicor board of directors and Head of the Technology investment team at KKR. “As we look toward the next phase of growth for the company, we are pleased to have Stephen join the Epicor team. He brings a strong customer-centric orientation, a growth mindset, and a proven track record of leadership.”
Commenting on his appointment, Murphy said, “I am extremely excited to join the Epicor team and have the opportunity to lead this incredible company. Epicor is poised for greatness—with a strong global team of more than 3,700 employees all focused on the customer experience and delivering innovative products, services and support that enable businesses to grow with ease. Together, we have an amazing opportunity ahead to build on our customer-centric culture of growth and take the company to the next level of success.”
Before joining Epicor, Murphy served as president of OpenText, a $2 billion enterprise information management company with 12,000 employees worldwide.