Siltek Asia Pacific has announced its CEO Hugh Evans has resigned from the national distributor, effective today.
According to a press statement, Evans is leaving following a disagreement with Siltek's board of directors over the future direction of the company.
Siltek's statement said ongoing challenges mean the company needs to look at further rationalisation of the business, which includes taking its focus off what it describes as "unprofitable market segments".
"Discussions have been held with the vendors affected, and further announcements will be made in due course," the statement said.
Evans told ARN today he is leaving on amicable terms and will spend the next few months planning his next move.
Evans started Agate 10 years ago with three staff and grew the business until it had a headcount of 70 before the merger with Prion saw some rationalistation.
"After 10 years it's time for a change," he said.
Siltek merged its Agate and Prion brands under the Siltek Asia Pacific banner from January 1 this year, in response to Australia's tough IT market conditions.
Evans' resignation follows the retrenchment of 34 staff, which the company described as "non-essential", in December 2000. The company said the cut represented a reduction in head count of around 17 per cent.
Bruce Harvey, Siltek's Asia-Pacific chairman, will assume the role of CEO.
According to ARN's Channel 100 report, compiled by channel research outfit Inform, Siltek had revenues of $265 million in 1999, and was Australia's fourth largest distributor.
Photograph: Former Siltek CEO Hugh Evans.