Mark Lu, who over the past 16 years has been credited with building Rectron into one of the country’s top distributors with revenues of R1,6-billion, has resigned from the company.
It is believed that Lu, who declined to comment on the announcement, will officially leave the company at the end of December.
Gerhard Malan, chief financial officer of Rectron, has been appointed as acting MD.
David Kan, CEO of Rectron’s holding company Mustek, confirmed Lu’s departure.
“We would like to thank Mark for his 16 years of service and the wonderful contribution that he has made to the company during this period,” Kan says. “He has decided to pursue his own personal career and we wish him all the best in this.”
There has been speculation in the channel around who Lu’s successor at Rectron will be, but Kan would not be drawn on the question.
“A new MD will be appointed shortly,” was all he would say.