PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--
Systemax Inc. (NYSE:SYX) announced today that David Sprosty will
step down as the Chief Executive of the Company’s North American
Technology Products Group, effective March 1, 2013. Mr. Sprosty intends
to return to his consulting career and in addition, will work with the
Company on special projects and assisting in the transition of his
responsibilities.
Mr. Sprosty's role will be assumed by Robert Leeds, the founding Chief
Executive Officer of Systemax's Technology Products business and the
current Vice Chairman of the Board of Directors. He will work closely
with Systemax Chairman and Chief Executive Officer Richard Leeds and
Vice Chairman Bruce Leeds in driving the growth strategy and operational
initiatives of this business.
Richard Leeds, Chairman and Chief Executive Officer, said, “We thank
David for his contributions and wish him well in his future endeavors.
Together with my brothers Robert and Bruce and our entire management
team, we are moving forward focused on addressing our challenges in this
business and strengthening our competitive position.”
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, Global Industrial, MISCO and inmac
wstore.
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.
Investor/Media:
Brainerd Communicators, Inc.
Mike
Smargiassi / Nancy Zakhary, 212-986-6667
[email protected]
/ [email protected]
Source: Systemax Inc.