McMahon leaves Vita Group

After 20 years with the retail group, McMahon hangs up his hat.

Co-founder and joint CEO of ASX-listed retailer Vita Group, David McMahon, has decided to leave the company after more than 20 years.

McMahon co-founded the group with Maxine Horne, who will become the sole CEO.

In a statement to the ASX, McMahon said he wanted to explore opportunities outside of the retailer. “Vita Group has been a big part of my working life and I’m pleased to be leaving with the business so well positioned for growth,” he said.

The changes take effect immediately, but McMahon will remain with the company until June 30. McMahon and Horne will retain their present shareholdings in Vita Group.

“This change will see the company revert to a more conventional leadership structure,” Vita Group chairman, Dick Simpson, said.

Vita Group maintains about 182 outlets operating as Telstra and Telstra Business Centres (91 stores), Fone Zone (41), One Zero (32) and Next Byte (18).

Last year, the retail group 'realigned' its growth strategy following a non-cash impairment charge between $12m and $15m related to its Next Byte business for FY12.

2015 State of The IT Channel Survey : IT'S TIME!!! Fill in this year's State of the IT Channel Survey and be in the running to win great prizes. CLICK HERE

Join the ARN newsletter!

Error: Please check your email address.

Tags Fone ZoneOne Zerovita groupnext byteTelstra

More about Fone ZoneNext ByteTelstra Corporation

ARN Directory | Distributors relevant to this article

 

Latest News

04:06PM
Adobe promotes Irwin to top partner role
03:04PM
MailGuard discovers zero day Cryptor variant vulnerability
02:18PM
Envisian launches Cloud event series (+4 PHOTOS)
12:00PM
Shoply acquires eStore.com.au
More News
04 Mar
2015 International Women's Day Melbourne Luncheon
25 Mar
2015 International Women's Day Sydney Luncheon
26 Mar
Navigating the Internet of Things Summit
26 Mar
Navigating the Internet of Things Summit
View all events