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Harris Technology (ASX:HT8) - New Director, Alan Sparks
New Director, Alan Sparks
Source: ARN
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  • Alan Sparks has retired as CEO from Cellnet Group (CLT) after more than six years in the role
  • Current New Zealand Managing Director Dave Clark has been appointed as acting CEO in the interim
  • Both Dave and Alan will work together while someone more permanent is found
  • Alan joined Cellnet in May 2014
  • Since then, he has transformed the company from one making significant operating losses to delivering positive earnings for six consecutive years
  • Cellnet is up a slight 3.33 per cent on the market and shares are trading for 3.1 cents each

Alan Sparks has retired as CEO from Cellnet Group (CLT) after more than six years in the role.

Current New Zealand Managing Director Dave Clark has been appointed as acting CEO in the interim. Both he and Alan will work together while someone more permanent is found.

Dave has been Managing Director of Cellnet for more than 10 years’ and during this time he formed key strategic relationships across the industry.

“I’m excited about the opportunity to lead Cellnet into its next phase of growth and look forward to working closely with the company’s Board, the broader Cellnet team, and all of our trading partners to ensure that we all benefit from the many opportunities that lie ahead,” Dave said.

Alan joined Cellnet in May 2014. Since then, he has transformed the company from one making significant operating losses to delivering positive earnings for six consecutive years.

He was one of the main driving forces behind the development of Cellnet’s 3SixT brand which has now grown to be one of Australia and New Zealand’s leading mobile and tablet accessory brands.

During 2018, Alan finalised the acquisition of gaming distribution company, Turn Left Distribution, which gave Cellnet diversity outside of its usual mobile and tablet accessory market and into gaming.

Finally, he concluded the company’s recent $5.03 million capital raise, which leaves Cellnet with a strong balance sheet and in a strong position for future growth.

“[Alan] has made an incredible contribution to the company over many years. While we understand his desire to retire at the end of a long and successful career, it is disappointing to lose such a high calibre individual,’ Chairman Michael Wendt commented.

“We are also extremely pleased with the appointment of [Dave] as the company’s acting CEO. His experience in successfully running Cellnet’s New Zealand business ensures continuity and stability in the company’s operations,” he added.

Cellnet is up a slight 3.33 per cent on the market and shares are trading for 3.1 cents each at 2:06 pm AEST.

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