Renowned Fujitsu Australia top dog Neville Roach is retiring but will stay on as non-executive chairman and advisor to the global parent company, it was announced on Friday.
Roach, who was chairman and CEO for the last 10 years, said at the AGM: "It is time for new leadership to take the company into its next phase of rapid growth through accelerated transformation from its technology heritage into a top-tier technology and services business."
Fujitsu Limited group president Kazuto Kojima thanked Roach for a job well done on behalf of major shareholders ICL PLC and Amdahl.
"When he [Roach] took the position of CEO of Fujitsu Australia, its annual revenues were around $A200 million with about 900 employees. Its operations were mainly in the computer systems business. Today revenues are around $700 million with over 2000 staff," with 50 per cent of its business in the software and services area, Kojima said.
The hunt is on for Roach's replacement with company bosses assuring shareholders the search will be swift and exhaustive both inside and outside the organisation.