Manhattan Associates Announces CFO Retirement and Successor Appointment
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Manhattan Associates ( (MANH) ) has shared an update.
On February 26, 2026, Manhattan Associates Inc. announced that longtime Executive Vice President and Chief Financial Officer Dennis B. Story will retire from his CFO and Treasurer roles at the close of business on March 31, 2026. The board elected veteran finance executive Linda C. Pinne, currently Senior Vice President, Global Corporate Controller and Chief Accounting Officer, to succeed him as Senior Vice President, Chief Financial Officer, Chief Accounting Officer and Treasurer, effective on the same transition date.
Story, who has served as CFO since March 2006 and spent 20 years with the company, will remain employed as Advisor to the Chief Executive Officer through December 31, 2026 to ensure a gradual transition of his responsibilities. During his tenure, Manhattan’s revenue rose about 275%, operating cash flow about 785% and market capitalization more than 50-fold, underscoring his role in supporting the company’s transformation into an AI-native platform business.
To govern the transition, Manhattan entered into a Retirement and Advisory Agreement under which Story will continue to receive his current base salary while serving as advisor and will be eligible for a first-quarter 2026 performance cash bonus but no further cash bonuses thereafter. His unvested restricted stock units will continue to vest during his advisory term, with remaining unvested awards vesting at his retirement date, subject to specific treatment for performance-based units and standard conditions around termination, death or disability.
The Retirement Agreement replaces his prior executive employment agreement for most purposes but carries forward key provisions such as intellectual property, confidentiality and restrictive covenants, and includes customary releases and non-disparagement terms. The company also agreed to pay up to 12 months of COBRA premiums after his retirement or earlier termination, while retaining the right to end benefits if he leaves early under certain circumstances.
CEO Eric Clark publicly praised Story’s contributions in a February 26, 2026 press release and highlighted his influence on Manhattan’s growth strategy and global finance organization. Clark also emphasized Pinne’s deep knowledge of Manhattan’s operations, customers and strategy, signaling continuity in financial leadership and a focus on sustaining the company’s leadership in the supply chain commerce market.
Pinne, a more than 20-year finance veteran at Manhattan who has led global corporate controller and accounting functions since 2016, has been central to strengthening financial processes and controls and supporting growth. Her elevation to CFO, along with Manhattan’s reaffirmation of its 2026 financial guidance and planned participation in upcoming investor conferences, is likely to reassure investors about stability in the finance function during the leadership transition.
The most recent analyst rating on (MANH) stock is a Buy with a $145.00 price target. To see the full list of analyst forecasts on Manhattan Associates stock, see the MANH Stock Forecast page.
Spark’s Take on MANH Stock
According to Spark, TipRanks’ AI Analyst, MANH is a Outperform.
The score is driven primarily by strong financial performance (high margins and excellent cash conversion) and a constructive earnings outlook (RPO and cloud growth guidance with margin expansion). These positives are tempered by weak current technicals (downtrend vs. moving averages, negative MACD) and a premium valuation (high P/E with no dividend yield support).
To see Spark’s full report on MANH stock, click here.
More about Manhattan Associates
Manhattan Associates is a global technology leader providing AI-powered, cloud-based supply chain and omnichannel commerce solutions. The company focuses on unifying front-end sales with back-end supply chain execution, using a cloud-native, API-first platform to help enterprises build resilience, efficiency and faster paths to value in the supply chain commerce space.
Its software and services are designed to strengthen financial and operational processes for customers worldwide and to help them preempt and react to emerging trends and disruptions. By emphasizing innovation and advanced analytics, Manhattan positions itself as a key player in transforming logistical and commerce challenges into competitive advantage for its clients.
The company’s market presence is supported by investor outreach, including participation in major institutional and technology conferences. This ongoing engagement reinforces its profile among institutional investors and underpins its standing in the broader technology and supply chain ecosystems.
Average Trading Volume: 752,728
Technical Sentiment Signal: Sell
Current Market Cap: $7.98B
See more data about MANH stock on TipRanks’ Stock Analysis page.
