Chris Allan is new CEO of Quantum Retail Technology

Quantum Retail Technology Inc., a provider of merchandise optimization and inventory solutions for retail has announced that Quantum co-founder Chris Allan has been appointed as its 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.” Hrabe added.

Chris returned to Quantum in late 2014 to lead Quantum Retail’s development and delivery organizations and will maintain that role in addition to serving as CEO.

“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, said Chris Allan.

“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.” Allan added.

Prior to his return to Quantum, Chris was a Managing Director at Accenture where he led the Products Analytics organization in the UK and Ireland.

Prior to Accenture, Chris was a co-founder of Quantum Retail and served in a variety of roles including Chief Customer Officer and Chief Strategy Officer. Chris also served in a product strategy role at Retek (now Oracle).