Security News Update: 11.20am- The managing director of Norbain SD Ltd, Barry Shakespeare, has left the company, it was confirmed by the holding company this morning.
Also leaving the company is Huw Edwards, marketing communications director, and Victoria Bori, human resources director.
The news that we first reported this morning has now been officially confirmed in a statement from Nigel Palmer, chief executive of Newbury Investments (UK) Ltd.
Palmer said that the three directors left the company on Friday 14 September 2012 with immediate effect.
“For sound commercial reasons, it has been necessary to restructure some functions and roles currently carried out centrally at Winnersh,” he stated. Winnersh refers to the company headquarters in Wokingham, Berkshire.
We have put a number of questions to Palmer regarding the current status of the company and its strategy, but he declined to answer further questions at this time. If readers have specific questions they would like us to put to the company, please contact the editor directly or leave a comment below.
The current company, Norbain SD Ltd, was bought out of financial administration by Newbury Investments in a pre-pack administration in July this year.
Barry Shakespeare joined Norbain in November 2010 as managing director to take over from group chairman Alun John who had been acting managing director.
Prior to joining Norbain, Shakespeare enjoyed a 30-year career in the IT and telecoms market. He owns a management consultancy business, Pengate Ltd. He was also the executive vice president of the EMEA division of Westcon, an IT/telecoms distribution company, a position he left in February 2009 following a boardroom shake-up.
Prior to that he held senior positions at Marconi Plc and Nortel.
Norbain goes into administration, sold by administrators in prepack
Norbain Pre-Pack – the story so far