The ailing enterprise resource planning and supply chain management software company said its board decided to swap long-term chief executive officer Ed McVaney for Robert Dutkowsky, who is currently president of Teradyne's assembly test division. According to the statement, McVaney will retire.
McVaney said in a statement: "Bob brings a wealth of expertise and insight to JD Edwards, and the managerial experience the company needs to capitalise aggressively on its strengths. His tenure in our industry, plus the breadth of his experience, makes him the ideal choice for leading JD Edwards prominently into the future."
McVaney returned to JD Edwards in April 2000, hoping to turn the company around from a long decline. But revenues continued to slide and the company was forced to lay off employees as part of a "revitalisation" effort.
Some analysts see the company as a victim of larger, aggressive competitors such as SAP and Oracle.
However, Dutkowsky was optimistic about the company's prospects.
"JD Edwards is uniquely well positioned and well equipped for industry leadership," Dutkowsky said. "In terms of management depth, customer commitment, market focus and product power, I can't think of another company in our industry that's in a better position.
"It's an exciting company, and an exciting time to be coming aboard."