The CEO of K3 老九品茶 Technology Group Plc has left the company.
Marco Vergani (pictured) joined Salford-headquartered K3, a business software firm focused on fashion and apparel brands, two and a half years ago.
For the six months ending May 31st 2023 sales rose 拢400,000 to 拢20.3m compared with the previous year, but pre-tax losses widened 拢100,000 to 拢2.9m.
Non-executive chairman Tom Crawford will now perform his role on an executive basis as part of a new management structure, with the group’s unit heads reporting directly to the board.
The firm said the changes create new reporting lines and devolve greater responsibility to the leadership teams within the group’s businesses.
It added that it remains focused on the transition to higher quality recurring earnings, while 鈥渃ontinuing with cost discipline and operational simplification鈥�.