Taylor appointed to Reunert board
Nashua Mobile CEO, Mark Taylor, has been appointed as an executive director to Reunert’s board.
Taylor joins CBI-electric MD, Alan Dickson in the appointment.
“Both have extensive experience in their respective industries and the board looks forward to their contributions as executive directors of Reunert,” the company said.
On 20 November 2013, Reunert reported a 3% decline in revenue to R11.4 billion for the year ended 30 September 2013, from the R11.7 billion recorded the year before.
The loss was mainly due to the holding company’s CBI-electric and Nashua segments, which saw revenue losses of 4% and 6%, respectively.
CBI’s losses saw revenue to R3.5 billion, while Nashua saw revenue decline to R6.8 billion (2012: R7.22 billion) – while operating profit declined by 24% to R636 million, from R839 million in 2012.
On 15 November, Reunert announced that Nashua MD, David Coutinho had stepped down from his position as managing director “to pursue other interests”.
Coutinho’s post will be filled by marketing director of Nashua, Dave Hallas who became acting MD.
More on Nashua and Reunert
Nashua revenue decline hits Reunert
Nashua weighs on Reunert interims
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