1/29/2014 5:35:24 PM
Azzurri's Vithaldas to leave his role in July
Azzurri has announced that CEO Vim Vithaldas will leave his position in July.
Vithaldas was appointed in December 2011 to bring financial stability to the dealer. In October Azzurri cut a new financing deal which saw a consortium of banks take over the company. The company's debts were cut to £25 million from £103 million as a result, while a £3 million investment in a cloud-based telecoms service was secured.
Chairman of Azzurri, Steve Andrews, said: 'We are now well set to accelerate further Azzurri’s position in the market and will announce Vim’s successor to take this forward during the coming months. Vim has the Board’s full confidence to continue to drive the business forward with my support and achieve a successful transition to the new CEO.'