Quantum co-founder named CEO
Chris Allan was a co-founder of Quantum Retail Technology and now he is the company’s CEO too.
Allan rejoined Quantum, a provider of merchandise optimization and inventory solutions, in late 2014 to lead the company’s retail development and delivery organizations. He will maintain that role in addition to serving as CEO.
“Chris was the natural choice to lead Quantum in its next phase of growth,” said Quantum board member, Mike Hrabe. “His record of leading innovative development initiatives paired with his success at building client-centric organizations made him the ideal choice as Quantum introduces new solutions and serves a broader segment of the retail market.”
Prior to his return to Quantum last fall, Allan was managing director at Accenture where he led the products analytics organization in the U.K. and Ireland. It was prior to his time at Accenture, that Allan co-founded Quantum Retail served in a variety of roles including chief customer officer and chief strategy officer. He also held a product strategy role at Retek, now Oracle.
“Quantum’s core solutions offer retailers unique relief in an increasingly chaotic retail marketplace where having a clear view to customer demand and tuning your inventory to meet that demand is of critical importance,” Allan said. “As more and more retailers come to depend on analytic insights only Quantum can provide, it becomes important that we find a broader array of ways that retailers can use our solutions either in a standalone capacity, or in conjunction with their existing legacy systems and processes. Quantum can help every retailer become more profitable.”
The company’s solutions portfolio, branded as Q, helps retailers with both comprehensive and granular predictions of their product demand based on consumer behavior while also providing the ability to act on that intelligence. The Q system continuously learns and dynamically analyzes and then responds to changes in demand for every product and store location to maximize value for retailers of all types, according to the company.