Cycling accident forces MBT CEO resignation
MB Technologies, holding company of Tarsus Technologies, has announced the resignation of its CEO, Glenn Fullerton.
Fullerton joined the MBT Group in 2000 as group financial director of the then listed MBT Group and held this position until his promotion to Group CEO in July 2009.
He served on the MB Technologies Group board as well as the underlying subsidiary boards as an executive director from 2000.
Earlier in 2013 Fullerton was involved in a serious cycling accident and has been through a period of recuperation over the past couple of months, MBT said.
“Fullerton’s recovery has however not been at the pace anticipated. He has therefore reconsidered his position within the group, deciding to focus fully on his recovery and resign from his position as group CEO,” MBT said.
“In his almost 14 years with the group, Glenn has made a significant contribution to its growth and has been instrumental in building the group’s powerful financing and distribution capacity that has allowed the group to become one of the largest IT distributors in Africa,” said Kobus Viljoen, non-executive chairman of MB Technologies.
“We are sad to see him leave but are fortunate that he is available to the group in transitionary matters until 31 January 2014. We hope that he recovers fully from his
accident and wish him all the best in his future endeavors,” said Richard Tunstall, non-executive director of the group.
Pieter Rorich a former non-executive director of the MBT has stepped in as acting CEO until a successor is named in due course.
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