Feeds

MBO SNAFU – CCM MD OUT

Untenable, resigned, gardening leave, etc etc

  • alert
  • submit to reddit

Internet Security Threat Report 2014

The MD of Cheshire-based distributor Computer Components Marketing (CCM) has quit after a failed MBO attempt.

Brent Cutler was trying to lead a management buyout of the components distributor from its parent company Fundamental e-Investments. He had tried unsuccessfully to buy the distribution arm twice in the last four years - with the latest MBO attempt following Fundamental e-Investments' March announcement that it was switching tactics to become a high tech investment house.

Cutler blamed recent market conditions on the failure to reach an agreement, and cited the MBO collapse as the reason behind his decision to leave.

"I have decided that under the circumstances my position as managing director has become untenable and I have therefore resigned with immediate effect from both the plc and the trading company," he said yesterday.

Cutler plans to take a short break before looking for a new position. He said he believed the running of CCM would fall into the hands of the existing owners. ®

Related Stories

CCM Distribution outlines post MBO strategy
CCM hives of distribution in MBO
Net rumours boost CCM share price

Remote control for virtualized desktops

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.