2/5/2008 7:00:00 PM
New 20:20 Mobile boss unveiled to bankers
20:20 Mobile’s new CEO Meinie Oldersma was unveiled to members of 20:20’s debt syndicate for the first time on Monday this week.
It coincided with the granting of a three month extension to 20:20’s deadline to show an upturn in fortunes.
Oldersma told the bankers about his experience in turning around distributors. He gave examples at Ingram Micro where he was in charge of the Chinese business and trebled sales from £400m to £1.2bn, and doubled profit margins in the process.
Oldersma impressed the bankers with what was described as ‘a robust approach’.
He was joined by Doughty Hanson director Julian Huxtable and 20:20 finance chief, Matt Moulding.