Zamano CEO stepping down

21 Oct 2011

John O’Shea, CEO of mobile phone services group Zamano, is to step down from his position on 18 November “to pursue other interests”, the company said today.

Corporate financier Pat Landy, currently a non-executive director, will take on a temporary executive role at the group, which consists of Everneo, Zamano Solutions Ltd (ZSL) and Newsworthie, while the board identifies a replacement CEO, the company said in a statement.

In the meantime, Margaret O’Connor, managing director of Everneo, and Michael Connolly, group financial controller of Zamano, will have operational responsibility for the group.

“In John’s nine years with Zamano, the group experienced high growth, followed by a period of severe revenue decline,” said Mike Watson, the company’s chairman. “John led an extended re-engineering of the business firstly to stabilise revenues, followed by the moderate quarter-on-quarter growth reported in September, with further growth now being experienced.

“We’d like to thank John for leading the company through very difficult times, leaving it now well positioned for its next stage of development.”

The company also said its interim results in September revealed that investment in web and mobile marketing had started showing promise in terms of increased subscriber acquisition rates. It said the trend has accelerated through October, “delivering a significant uplift in current and future revenues”. It said the group is looking to build upon this progress in the coming months, and will provide more guidance when longer-term trends are established.

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