Getronics’ CEO Nana Baffour (pictured) has cleaned out his desk after a global restructure within the Dutch IT services giant.
Baffour entered the Getronics CEO role in August 2017 after his investment firm, Bottega InvestCo, acquired the company from Aurelius.
The CEO departs as Getronics announces that it has reached an agreement with its stakeholders to take on new capital investment and undergo “a recapitalisation of the business”.
Baffour’s departure follows the recent exit of former Getronics CEO and group vice chairman Mark Cook, who has now taken a position as executive officer of Technology Solutions at UK-based outsourcing firm Capita. The firm’s global head of administration, Frank Asante-Kissi, has also left the business.
The Dutch-based IT services giant claims its move to take on new investment will help to “significantly reduce” its debt and kick start initiatives to “drive long-term growth”.
Board of directors member Sam Humphreys said: “Following a comprehensive review of the company and its prospects, the board of directors determined that recapitalising the business with a new investment and a reduction of our debt will better position the company to deliver long-term value. The investment from our existing stakeholders signals confidence in the future of our company and the value we deliver for customers every day.”
