QAD Inc.'s board of directors approved the appointment of Leslie J. Stretch to its board of directors as an independent director on August 17, 2018. Mr. Stretch previously served on QAD's Board from June 2014 to February 2018. Mr. Stretch was recently appointed President and CEO of Medallia, a leading customer experience management cloud company. Previously, Mr. Stretch was President and CEO of CallidusCloud, leading the transition from an on-premises vendor to the cloud that delivered strong returns for shareholders. Prior to joining Callidus, Leslie worked for Sun Microsystems for nearly a decade. At Sun, he held the position of senior vice president of global channel sales and was the managing director of Sun Microsystems U.K. Ltd. Before joining Sun, Mr. Stretch held various sales positions at Oracle Corporation. Mr. Stretch will be appointed to QAD's Audit Committee and Governance Committee of the board of directors and will be eligible to participate in QAD's compensation program for independent directors of the board.