Maple Lake, Software and Services Provider for Specialty Retailers, Appoints New CEO

Canadian-headquartered Maple Lake Ltd. announced that Mark Stone, who has served as managing director of the company's United Kingdom and European operations since December 2009, has been promoted to chief executive officer.

The company made additional changes, including naming prior CEO Stuart Aldridge as chief marketing officer.

"We chose to name Mark Stone as CEO because of his extraordinary and adept skills to run a global organization," said Aldridge, who had served as Maple Lake CEO since the company's formation in 2000.

Aldridge said the appointment of Stone "leverages our collective strengths to grow our business worldwide and best serve our clients."

The company offers QuickAssortment, QuickAllocation and QuickAnalytics, a set of applications designed to "refine" assortment management, allocation planning and Open To Buy efforts for maximum sales and profitability. According to Maple Lake, the company's customers represent 10,000-plus retail locations, including Aeropostale, Arcadia Group, Barneys New York, Columbia, and Steve Madden.

This year, Maple Lake inked agreements with Levi Strauss & Co. and the adidas Group.

Stone joined Maple Lake in 2009 as its U.K managing director. He is based in the company's Leicester, U.K., office where he will remain while also having an active presence at the company's Markham, Ontario, headquarters.

Stone's experience includes retail and technology. He served in senior positions at IT companies and retailers, including Compass Software (now part of Torex Retail), Next, Sears and Sports Division. He also managed numerous IT projects for Marks & Spencer, House of Fraser and Nike, among others.

"Extraordinary opportunity, extraordinary company, that's what I believe about Maple Lake," said Stone. "Our executives understand the ultimate imperative, which is to give customers what they need and to deliver what retail planners and merchandisers really need from a software vendor. These changes reflect those commitments."
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