NEWSFLASH: Penman retires from Compaq

NEWSFLASH: Penman retires from Compaq

Compaq Australia and New Zealand has announced today its founding managing director and industry veteran of 33 years Ian Penman will retire in October to pursue other interests.

Penman said in a press statement released this afternoon 2000 was always going to be his final year in the job and he is looking forward to spending more time with family and friends.

"I believe now is the right time for me to focus on life outside Compaq. I am reliably informed there is such a thing!" he said.

Compaq has already started the process of selecting a new managing director, looking at both internal and external candidates.

Penman reflected in the statement, stating the company started "with one employee, me", and has now grown to some 2500 employees across the nation.

"In the mid-'80s, technology was not as elegantly simple as it is today and obviously the Internet was not even on the business radar. But some things haven't changed. Compaq was totally committed to its customers a decade and a half ago and that still holds true today."He also used the opportunity to give credit to Compaq's partners and customers.

"Without them our record revenues of last year would not have been possible. A significant part of our success is due to the work of our partners, some of who have remained committed to Compaq for more than 10 years."Penman's role as vice president and managing director has seen him direct operations in Australia, New Zealand, Fiji and Papua New Guinea.

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