Menu
IT&e loses high-level figurehead

IT&e loses high-level figurehead

John Craven has resigned as non-executive chairman and company director of the listed channel conglomerate IT&e Limited (IT&E).

After serving as the company's inaugural chairman, Craven is reportedly looking to concentrate his efforts on Hunter Bay Partners -- an IT venture capital company -- of which he is a partner.

IT&e listed on the ASX late last year and has since gone on to post a positive cashflow, made three acquisitions and signed a significant joint venture with Asian financial services provider OSK. The partnership will see OSK inject $4.5 million into the company within the next 60 days.

The company has also recently announced shareholder approval to issue up to 30 million shares to fund further acquisitions.

IT&e's deputy chairman, Bob Johnson, will assume the role of acting non-executive chairman.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments