Systemax Appoints David Sprosty Chief Executive of North American Technology Products Group
October 04 2011 - 9:02AM
Business Wire
Systemax Inc. (NYSE: SYX) announced today that David
Sprosty has been appointed Chief Executive of the North American
Technology Products Group, effective immediately. The position had
previously been filled on an interim basis by Robert Leeds, Vice
Chairman of the Systemax Board.
Richard Leeds, Systemax’s Chairman and CEO said, “On behalf of
our Board of Directors and employees, I’d like to welcome David to
Systemax. David brings extensive and valuable experience in the
retail and consumer electronics industry to our executive
management team. He is a customer-centric and visionary business
leader, with experience in strategic planning, operational
execution and business development. He has a proven track record of
success in delivering sustainable revenue growth throughout his
career and in his 11 years at Best Buy was instrumental in the
development of that retailer’s connected devices business lines.
Under David’s leadership we believe the technology group will
continue to execute on its current initiatives and grow into an
even stronger contender within the consumer and
business-to-business electronics sectors. Additionally, I’d like to
thank Robert Leeds for his leadership as interim Chief Executive
for the past several months, during which the technology group has
made significant progress in becoming a more efficiently-run
operation.”
“Systemax has built a unique web-centric, multi-channel retail
model featuring distinctive consumer brands,” commented David
Sprosty. “I’m excited for the opportunity to take the technology
products business to a new level, and I look forward to working
closely with Systemax’s strong management team.”
Mr. Sprosty most recently was a Managing Partner at The ROIG
Group, a management consulting agency specializing in consumer
electronics retail, product development, services and mobility.
Prior to that, he was an executive at Best Buy Company Inc.,
holding various positions during his eleven years at the company,
including Senior Vice President of Emerging Devices – Best Buy
Connect, Chief Executive Officer of Best Buy Mobile Joint Venture,
Senior Vice President and Chief Operating Officer of Customer
Centricity, and Senior Vice President of the
Computing/Peripheral/Digital business group. Before joining Best
Buy, Mr. Sprosty was the Chief Executive Officer of Pacific Mobile
and Wireless (dba MobilWorks) for two years, prior to which he was
the company’s Vice President of Sales & Stores for six
years.
About Systemax Inc.
Systemax Inc. (http://www.systemax.com), a Fortune 1000 company,
sells personal computers, computer components and supplies,
consumer electronics and industrial products through a system of
branded e-Commerce websites, retail stores, relationship marketers
and direct mail catalogs in North America and Europe. The primary
brands are TigerDirect, CompUSA, Circuit City, MISCO, WStore and
Global Industrial.
Forward-Looking Statements
This press release contains forward-looking statements about the
Company’s performance. These statements are based on management’s
estimates, assumptions and projections and are not guarantees of
future performance. The Company assumes no obligation to update
these statements. Actual results may differ materially from results
expressed or implied in these statements as the result of risks,
uncertainties and other factors including, but not limited to: (a)
unanticipated variations in sales volume, (b) economic conditions
and exchange rates, (c) actions by competitors, (d) the
continuation of key vendor relationships, (e) the ability to
maintain satisfactory loan agreements with lenders, (f) risks
associated with the delivery of merchandise to customers utilizing
common carriers, (g) the operation of the Company’s management
information systems, and (h) unanticipated legal and administrative
proceedings. Please refer to “Risk Factors” and the Forward Looking
Statements sections contained in the Company’s Form 10-K for a more
detailed explanation of the inherent limitations in such
forward-looking statements.
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