Winmark Corporation has named Lawrence A. Barbetta to its board of directors. Barbetta has over 25 years of successful leadership experience in organizations ranging from entrepreneurial start-ups to some of the world's largest software companies. Currently, Barbetta is the chief executive officer of eLAB Analytics, a provider of cloud computing based industry-specific business intelligence applications.
Previously, Barbetta was the senior vice president and general manager at Siebel Systems, where he was responsible for all aspects of the company's analytics business. Barbetta joined Siebel via its acquisition of nQuire Software, where he was the chief executive officer. Prior he was senior vice president and general manager at Platinum Technology when they acquired Prodea Software, where he was the Chief Executive Officer.
John Morgan, Chairman and Chief Executive Officer, stated “We are pleased to have Larry join our Board of Directors. He has extensive experience working with entrepreneurial companies, particularly relating to technology initiatives. His expertise will be highly valuable as we continue to execute our business plan.”
Winmark Corporation creates, supports and finances business. At March 31, 2012, there were 939 franchises in operation under the brands Plato's ClosetÂ®, Play It Again SportsÂ®, Once Upon A ChildÂ®, and Music Go RoundÂ®. An additional 50 retail franchises have been awarded but are not open. In addition, at March 31, 2012, the Company had a lease portfolio equal to $29.6 million.