May 29, 2014 <br />Descartes Systems appoints new CFO<br />By Record staff<br /><br />WATERLOO – Descartes Systems Group has a new chief financial officer.<br /><br />The Waterloo-based provider of software and services for shippers and other logistics businesses, announced the appointment of Allan Brett on Thursday. His appointment was effective immediately following the firm's annual meeting of shareholders.<br /><br />Brett, who served as chief financial officer of Aastra Technologies Ltd. from 1996 until the company was sold to Mitel Networks Corp. this past January, succeeds Stephanie Ratza. Ratza, who has been CFO since April 2007, will remain at Descartes until September to help with the transition, the company said.<br /><br />Also on Thursday, Descartes reported that it earned net income of $3.7 million US on sales of $40.8 million US in its first quarter ended April 30. It had net income of $2.8 million US on sales of $34 million US in the same period a year ago.<br />