05:24 PM EDT, 08/27/2024 (MT Newswires) -- Kinaxis ( KXSCF ) said Tuesday chief executive John Sicard will retire from the position on Dec. 31 after three decades with the supply-chain software company.

Sicard will continue as a consultant with Kinaxis ( KXSCF ) throughout 2025, and the board of directors has started searching for his replacement, the company said.

Chief Sales Officer Claire Rychlewski is also leaving the company for a new opportunity. She will stay until November to ensure a smooth transition.

The company added that it is maintaining its fiscal 2024 guidance provided during its second-quarter earnings release.

Kinaxis ( KXSCF ) shares closed up $2.45 to $156.74 on the Toronto Stock Exchange.