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.

CHANNEL CHOICE: Vote Now for your favourite in the three categories: Vendor, Distributor and Reseller. Voting closes August 8.

Tags Fone ZoneOne Zeronext bytevita groupTelstra

More about Fone ZoneNext ByteTelstra

ARN Directory | Distributors relevant to this article

Comments

Comments are now closed

 

Latest News

01:58PM
Intel appoints new director of Cloud policy and government affairs
11:17AM
EXCLUSIVE: Dave Rosenberg appointed new Westcon A/NZ managing director
12:19PM
Citrix and Fujitsu eye A/NZ mobility market together
11:58AM
Achieva promises it won’t step on resellers’ heels in becoming a value-added dis...
More News
25 Jul
Dell Connected Security: Listen to what the experts have to say about security
29 Jul
SplunkLive!; Canberra
05 Aug
Systems Technology Day - Build Your Own Private Cloud
06 Aug
Oracle Employee Experience Journey Mapping Workshops
View all events