Retail Solutions Inc. Names Bert Clement as CEO

MOUNTAIN VIEW, Calif., Jan. 3, 2017 /PRNewswire/ -- Retail Solutions, Inc. (RSi) announces that its Board of Directors has appointed Bert Clement as the new Chief Executive Officer and as a member of the Board of Directors. Co-founder and former CEO Jonathon Golovin, Ph.D., will assume the role of Chief Strategy Officer and will continue to serve on the Board.

"RSi is in a great position and this is fantastic timing for Bert to be Chief Executive Officer. This is a very dynamic period for RSi and the Board has selected a strong leader to foster our growth and really drive execution," said Golovin.

Bert Clement has led a strong executive management career combining strategic, operational and tactical finance experience. Clement has also been a trusted advisor and business partner to Board members, CEOs and global business unit leaders by understanding and traversing operational and market issues arising in businesses undergoing rapid growth. He is known for his expertise in devising pragmatic financial, operational and transactional strategies as well as world-class team building, operations and IT automation while always remaining committed to customer service excellence. Clement has proven success in delivering long-term revenue and profit growth in highly competitive domestic and international markets.

"I am honored to lead RSi and look forward to driving our business to the next level. As the global market leader in the Retail Execution space, RSi will continue to innovate and maximize value for our customers and retail partners," said Clement. "It's an exciting time to be leading the team toward future successes while continuing the focus on our customers' needs and market innovation.

"Bert is the perfect fit for the next stage of growth we will see with RSi. While the company has seen tremendous growth under Jon Golovin, the board is excited and has full confidence in Bert's ability to lead RSi to new levels of success," said Brian Ascher, Partner at Venrock and RSi board member. "Bert brings the perfect blend of executive management expertise and financial acumen that will help pave the way for RSi to continue to dominate its category, both domestically and internationally."

About Retail Solutions, Inc.

Retail Solutions, Inc. (RSi) turns retailer data into opportunity - in the store, on the shelf and with shoppers worldwide. Designed to enable sustained operational excellence and to automate the path to purchase, RSi's proprietary algorithms, business processes and suite of intelligent, cloud-based applications help the world's leading consumer goods manufacturers and retailers listen and respond quickly to consumer demand - ensuring the right product is in the right store, at the right time. Each day, the RSi platform processes billions of records from over 175 major retailers in more than 150,000 locations around the world and turns this data into actionable insights for immediate, automated decision-making. From solving out-of-stocks to driving inventory down, from optimizing sales strategies to determining marketing ROI, RSi improves operational excellence and drives sales. More than 500 global retailers and CPG companies, including such household names as Colgate-Palmolive, Nestlé, the Procter & Gamble Company and Unilever trust RSi.

To learn more about the company, visit: www.retailsolutions.com

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SOURCE Retail Solutions, Inc.