Distributor Siltek and one of its leading executives, national sales and marketing manager, Michael Bosnar have "parted ways" in what sources suggest is not a totally amicable split.
Bosnar is believed to have been the last surviving Victorian staff member from Prion after Siltek Asia Pacific bought the company late in 1999. He stopped working for the company last week after nine years in the job.
Bosnar told ARN that he and Siltek had "parted ways" and that there were "still some issues to sort out".
It was also claimed by Bosnar that there have been some "integration issues" resulting from the merging of the two companies and that the tough economic times have put the pinch on the once significant operation he managed.
He said the volume of HP business being done is a far cry from the good old days when it was wholesaling as much as 30 per cent of the vendor's channel business. Bosnar said the figure would be more like 3 per cent today.
"I have stuck it out to see if we could turn it around, but it is now time to move on," Bosnar said. "Siltek are now looking for some more equity and they probably need it to move forward."
Bosnar helped start Prion for AAG Holdings in 1992 and was managing director from then right up until the distributor's acquisition by Siltek. He said he would be looking to stay involved with the channel and was likely pop up somewhere else in near future.
Siltek's Melbourne office is now staffed by just "six or seven people", according to Bosnar.
Bruce Harvey, CEO of Siltek Asia Pacific told ARN Bosnar had resigned. "He was not fired," Harvey said. "Bosnar phoned me last Monday and said he was leaving Siltek immediately. He voluntarily resigned."Photograph: Michael Bosnar