- Proven Retail Executive with Extensive Experience in Connected
Devices and Strong Operations Background -
PORT WASHINGTON, N.Y.--(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.
Brainerd Communicators, Inc.
Investors/ Media
Dianne
Pascarella / Nancy Zakhary
212-986-6667
[email protected]
/
[email protected]
Source: Systemax Inc.