Datacentrix's chairman, Gary Morolo, has stepped down from the company after recent changes in its shareholding structure.
The listed firm says in an announcement to shareholders that his resignation is with "immediate effect". Morolo was not able to discuss the matter with ITWeb this morning.
Datacentrix notes he is making way for new leadership after the company's shareholding structure changed. At the end of last month, the Competition Tribunal approved Pinnacle Technology's purchase of almost 35% of Datacentrix, although the authority did attach a condition to its green light.
The off-market deal, which cost Pinnacle more than R200 million at mid-year, raised concerns at the Competition Commission, which was worried competitive sensitive information could be passed between companies.
The tribunal said the deal could only go ahead if it did not result in any leakage of customers' competitively sensitive information between the companies.
Pinnacle bought into Datacentrix to determine whether there is potential to develop a working relationship in the future, as it seeks to move up the IT value chain.
Datacentrix expressed its "sincere gratitude" to Morolo for his services and leadership to the board since his appointment in August 1998, and wished him well going forward.
Pete Backwell, lead independent non-executive director, will assume the role of interim chairman until a replacement is found, it adds.
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