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Tech Data dials up operations man for Europe
Vandebussche answers call to shore-up biz practises post number probe
Tech Data (TD) continues to bulk out the management team post accountancy probe, hauling in former Ingram Micro UK boss Johan Vandenbussche to head up Operations across Europe.
Under the newly created position, the industry vet will oversee HR, logistics, IT coordination and the internal consulting team, which is designed to "standardise working practices" across the region.
Since restating results for fiscal '11, '12 and '13 which wiped $27m net of tax off the bottom line and nearly $1.6bn in revenues, TD has moved to shore up the business structure to prevent another similar episode.
A global chief ethics and compliance officer Jean-Paul Durand was signed up last month - he had been assistant general counsel at TD - and in turn he appointed lieutenants in Europe and North America.
A gaggle of chief bean counters in both of TD's regional operations also rocked up, reporting to global CFO Jeffery P Howells
Vandenbussche, who left Ingram last autumn as part of cost cutting drive, said in a canned statement that he is "very happy" to join TD, a firm he competed against it for a little over 15 years.
During his time at Ingram Vandenbussche ran the Belgium country operation, became veep for northern Europe, veep for pan Euro and biz development, and ran the Benelux and the UK for Ingram.
Elsewhere is distributor land, execs have been offloading shares in time to book those bumper summer hols. Avnet director Ray Robinson offloaded 3,800 shares for nearly $165k, and Ingram CEO Alain Monie sold just over 39k shares to $1.151m.
Judge for yourself who'll be taking the more luxurious break. ®