Feeds

Rose steps down from QXL

Losses down

  • alert
  • submit to reddit

Build a business case: developing custom apps

Jim Rose, the professional manager recruited to run QXL Ricardo, is handing over day-to-day duties to chief operating officer Mark Zaleski.

The move accompanies the publication of the online auction site's Q2 results. For the three months to September 30, the company made a pre-tax loss of £7.88m (Q2 2000: £67.67m loss) on sales of £1.155m (Q2: 2000 £5.9m). Falling revenues reflect the company's decision to stop selling goods on its own account, acting instead as a pureplay commission-only auctioneer.

Rose keeps a hand in the online auction business, as non-executive deputy chairman, a newly created position.

The move reflects the company's "current focus on the
operations of the business". New CEO Zaleski joined QXL last year from the Webvan Group, where he was president of the now defunct e-grocer's operations.

Zaleski will have his work cut out: QXL Ricardo is Europe's biggest indigenous auction business, but eBay is bigger - certainly in the UK - and it's profitable.

In the final move of the boardroom shuffle, executive director Stan Laurent is leaving the company and resigning from the board, as of the end of the year. ®

Boost IT visibility and business value

More from The Register

next story
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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?