TARRYTOWN, New York, May 21, 2013 /PRNewswire/ -- Westcon Group, a value-added distributor of category-leading unified communications, network infrastructure, data centre and security solutions with a global network of specialty resellers, today announced Chief Financial Officer John O'Malley will leave the Company to pursue other business opportunities. O'Malley served as Chief Financial Officer since 1999 and was given the additional title of Executive Vice President in 2006. He will remain with Westcon through June 3.
O'Malley has played a central role in executing the Company's long-term strategic plan – expanding into new geographic markets, as well as broadening vendor relationships and technology offerings. He developed and led a finance team that facilitated a period of significant expansion for the Company. During his tenure, Westcon Group revenues increased from $200 million to $3.8 billion. O'Malley helped Westcon successfully navigate several economic and industry downturns while maintaining strong liquidity and cash flows, which positioned the Company for continuous growth.
O'Malley stated: "I am extremely proud of what we've been able to achieve and have enjoyed my role in the successful expansion of this enterprise into a global platform. I've been the beneficiary of tremendous support from my colleagues -- as well as vendors, customers and financial institutions. Westcon has a solid business strategy and a sound financial model. I leave the Company in a much stronger financial position, which will serve as a solid foundation for continued growth."
Westcon Group President and Chief Executive Officer Dean Douglas stated: "John has excelled in his role and we are grateful for his contributions. Since joining the Company more than fourteen years ago, John's leadership and professionalism have been critical elements of our success. As Chief Financial Officer, he contributed at every key evolutionary juncture of the business. John is also a recognized ambassador of Westcon Group to our vendor and customer partners. He is deeply respected by our employees, lenders, the Board of Directors and our parent company, Datatec, Ltd. Now that Westcon is positioned as a global industry leader in value-added technology distribution, John and I agree it is the right time for this transition."
Westcon also announced that John DiRico will act as interim Chief Financial Officer until a successor is named.
About Westcon Group
Westcon Group, Inc. is a value added distributor of category-leading unified communications, network infrastructure, data center, and security solutions with a global network of specialty resellers. Westcon's teams create unique programs and provide exceptional support to accelerate the business of its global partners. Strong relationships at every level of the Westcon Group organization enable partners to receive support tailored to their needs. From global logistics and flexible customized financing solutions to pre-sales, technical and engineering assistance, the company works with partners to respond with agility and speed to changing market conditions so they can achieve the fastest time to revenue. Westcon Group's portfolio of market-leading vendors includes: Cisco, Avaya, Brocade, Polycom, Check Point, and Blue Coat. For more information, please visit www.westcongroup.com.
SOURCE Westcon Group