Renaissance CEO steps down
Shaun Rendell leaves the companyBy Reseller News Staff, Auckland | Thursday, 16 August 2012
Shaun Rendell, who has been the CEO of Renaissance since Richard Webb left the company late last year, has stepped down and taken on a position with another company.
Renaissance's chairman Colin Giffney made the announcement to NZX today and says Rendell will leave Renaissance on August 31. "The Board of Renaissance thanks Shaun for his contribution through a tumultuous period for the Company and wishes him well in his new position," Giffney says.
The company has decided to appoint Ron Halls as CEO on a temporary basis until a new appointment is made.
Following the announcement of Webb's exist in November last year, the company posted losses of nearly $4.4 million (in the 12 months to September 30) on a total revenue of $182 million.
Renaissance has since then sold its distribution division to Exeed, a transaction approved last month.
Seems they don't wish to publicly announce to the shareholders that they sold the INSITE business division to Conbrio either. A profitable server and desktop custom build to order service using INTEL and good process management. In reports, shareholders are not made aware of the true turnover
Posted by Anonymous at 04:17 on August 18, 2012
They haven't even taken two ticks to update their website, which still shows Rendell as CEO, and Renaissance as an Authorised Apple Distributor.
Renaissance will soon be joining myself, Brontosaurus, along with Tyrannisaurus, Stegasaurus and all the other dinos.
And not before time. Renaissance has been in decline since the 1990s. One of the worst distributors to do business with in the history of tech in NZ. Bye bye.
Posted by Brontosaurus at 10:02 on August 16, 2012
Can anyone tell me when Shaun became the CEO - I cant see any announcement about him getting the job, he was appointed as the interim CEO but I cant see an announcement from the Board saying he had taken the job on permanently. I was under the impression that a public company was required to announce these things to shareholders and the market. So we now have an announcement that should say the CFO and Interim CEO is leaving the company. Might seem like a small point to make, but highlights the slackness of the Board in recent times. Good luck to Shaun in his new job.
Posted by RNS Shareholder at 09:49 on August 16, 2012
Given Renaissance is a closely held company, the important people already know :)
Posted by Anonymous at 04:08 on August 20, 2012
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