Having served as the chief executive officer of South Africa’s Vodacom-owned Stortech since August 2003, Tim Knowles has renounced his position.
Knowles said he decided it was time for a change, and that he actually served as CEO of Stortech for two years longer than what his initial agreement with Vodacom was, MyBroadband reported.
Knowles will however remain as a shareholder and director of Stortech with Vodacom Business’ executive director, Steven Hayward taking over as the acting chief executive until his active replacement.
Knowles has many years of experience in business and the technology industry having worked at IBM, Persetel, Business Connexion and Dimension Data. He managed PQ Networks’ business for several years and thereafter joined Dimension Data as its commercial director; he also assumed responsibility for the company’s outsourcing business until mid-2003, before joining Stortech.
The company is reported to have been performing reasonably well given the tough economic climate being experienced globally with Knowles adding that it has been profitable for the last nine years, and there is no reason to believe that this trend will not continue when speaking to MyBroadBand.
Stortech’s mother company, Vodacom SA, refused to comment on Knowles’ resignation.
StorTech is a solutions and systems integration specialist company which provides a spectrum of end-to-end technology solutions with an ability to deliver on the ‘journey’ towards cloud computing for corporate companies on the African continent.
