Typically, he was with companies for two years to three before they were sold. Cowan came after the prior CEO Pervez Qureshi left abruptly. The bets were his job was to sell the company, which had been owned by Apax Partners since 2011 when the private equity firm acquired Epicor and the former Activant Solutions and welded them together under the Epicor name. Apax sold its interest to KKR in July 2016 so the fact Cowan lasted more than a year after that was a bit surprising.
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EPICOR CEO COWAN RETIRING Featured
Joseph Cowan, CEO of Epicor, will retire from the job he has held since October 2013 at the end of this month. Cowan will be replaced by Stephen Murphy, former president of OpenText. The surprise is how long Cowan has lasted in the top job with the software company.
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