Total
0
Shares
Harris Technology (ASX:HT8) - New Director, Alan Sparks - The Market Herald
New Director, Alan Sparks
Source: ARN
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

CLT by the numbers
More From The Market Herald
Redflex Holdings (ASX:RDF) - Managing Director and CEO, Mark Talbot - The Market Herald

" Approval for acquisition of Redflex (ASX:RDF) faces delays

Redflex Holdings’ (RDF) proposed acquisition by a Verra Mobility subsidiary is facing delays in its approval process.
PlaySide Studios (ASX:PLY) - CEO & Managing Director, Gerry Sakkas - The Market Herald

" PlaySide (ASX:PLY) makes Paramount an offer it can’t refuse; secures rights to ‘The Godfather’

Video game developer PlaySide Studios (PLY) has made Paramount Studios an offer it can’t refuse and secured a licence for ‘The Godfather’.
Visible gold find sends Odyssey Gold shares soaring (ASX:ODY)

" Visible gold find sends Odyssey Gold shares soaring (ASX:ODY)

Odyssey Gold’s (ODY) share price has leapt 83 per cent after the company encountered “significant” visible gold from its Bottle Dump deposit.
Mobecom (ASX:MBM) appoints Stephen Borness as Non-Executive Director

" Mobecom (ASX:MBM) appoints Stephen Borness as Non-Executive Director

Customer experience management specialist Mobecom (MBM) has appointed Stephen Borness as Independent Non-Executive Director.