George Skaf has quit as managing director of eSys Integrated. His resignation comes three months after the distributor lost its global supplier partnership with Seagate.
Despite industry rumours of his departure, Skaf told ARN in December that he was still committed to the company. However, he admitted the local branch had been in a "holding" period while it awaited new strategies and directions from the Singapore head office.
Skaf claimed the new plans would stem from a $SGD160 million ($AUD132.8 million) investment made by solutions provider, Teledata Informatics, into eSys' coffers.
The managing director's role has now been filled by Shree Krishen. He has spent the past three years overseeing the Australian company's financial operations.
Krishen denied reports that the local subsidiary was up for sale and said the company would make an announcement about its future direction in coming weeks. In the meantime, the distributor's Sydney and Melbourne branches continue to trade. It currently has 10 local staff.
"Once all the funding is in and we are back on our toes, we'll recruit more people," he said.
Krishen put Skaf's departure down to the termination of its Seagate contract.
eSys' global distribution deal with Seagate was canned in November after it refused to allow third-party auditors to examine its accounts to confirm the accuracy of its claims for credits under Seagate's distributor sales incentive program. The global company subsequently struck a distribution deal with Samsung. Other vendors listed on its website include Foxconn, Western Digital and Kaspersky Labs.
Prior to establishing eSys' Australian office in 2003, Skaf headed up the components business at Digiland Australia.