Technology distribution and channel services company, Distribution Central, has restructured its senior management team, following the announcement that the company has passed its revenue goal of $300 million.
The company promoted four of its senior staff to new roles.
Nick Verykios has been promoted to CEO from managing director. He will be responsible for the overall strategy, growth and profitability of the business.
Andrew Assad has been promoted to the role of chief sales officer from general manager of the ViViD Systems business unit, and will be responsible for Distribution Central’s A/NZ sales and engineering teams.
Mathew Mornington-West moves up from operations manager to become chief operations officer. He will take on all systems development and innovation delivery initiatives in this expanded role.
A/NZ marketing manager, Carineh Grigorian, has been promoted to the role of chief marketing officer. In this role, Grigorian will drive the company’s corporate, digital, social and content marketing strategies, in addition to vendor product marketing. She will also steer its talent development plan.
Current CEO and chairman, Scott Frew, will step out of the role as CEO to become non-executive chairman while Andrew Vaughan will continue to drive the company’s financial strategy as chief financial officer.
Verykios said the new executive and leadership team will be key to driving the innovation the company needs to deliver ongoing growth and continued commercial success.
“We are entering a new phase in contemporary distribution driven by innovation as we celebrate our 12th anniversary. Our leadership team is comprised of industry champions in their own right. These professionals are perfectly attuned to market changes, and ready to drive the growth we anticipate.
“Our plans are ambitious, we have the innovative platforms and processes to drive these ambitions, we have the track record to instil the confidence needed, and we have an experienced executive team to assure it,” he said.
Frew claimed he will remain as a non-executive director and chairman in Distribution Central and will focus more on the global growth of the iasset.com platform, which he mentioned will also provide an innovation platform for Distribution Central.
“My interest and focus is achieving successful start-up and early growth phases. Once those milestones are reached I transition the executive management of the business to a strong leadership team which has been organically developing.
“Nick Verykios has been part of the Distribution Central business since its inception and will guide the business through its next stage of growth. It formalises a role he’s held in many ways for the past 12 months,” he added.
In addition to its financial growth of $313 million, including revenue growth of 14 per cent in Australia and 16 per cent in New Zealand over the past financial year, the company also recently launched a business development strategy that includes the DC CloudSelect Marketplace, and the DC Land, Expand, Extend, Protect (LEEP) program.