ASX-listed Manaccom (ASX: MNL) CEO, James Mackay, has stepped down from his position and been replaced by his father, Ian Mackay. He has been in the role for one year and took over from Ian, who founded and ran the company for 20 years previously.
"It has been an exciting and stimulating time as CEO, but a new opportunity has come up for me with an Internet start-up," James Mackay said.
Ian Mackay said James will continue to work with the software publisher and distributor during the transition in a consulting position to ensure things ran smoothly.
"James will continue to source new products and software opportunities for us," he said.
James Mackay led Manaccom through its acquisition by Jumbo and subsequent public listing last year. In recent months he has developed a new relationship with retailer, Big W, and extended Manaccom's partnership with Harvey Norman franchises.
Ian Mackay steps back into CEO position in a temporary capacity.
"It might take some time while we evaluate, and we may develop a new CEO from within Manaccom or bring somebody in, so I'll be acting in this role for a few months," he said.
Ian Mackay said he had no plans to change the company's current business practices or day-to-day operations.