Menu
Renaissance MD Paul Johnston resigns

Renaissance MD Paul Johnston resigns

Finance director also leaves in wake of profit guidance revision.

Renaissance managing director Paul Johnston has resigned following the company’s downgrading of its guidance for its full-year profit. On Wednesday, Renaissance announced that it had revised its guidance for the full-year result from a projected $1.7-$2 million to $700,000.

Subsequently, Johnston and Renaissance finance director Clive Lewis tendered their resignation to the Renaissance board, and the board accepted.

Johnston will remain with Renaissance until December 31, and Lewis will depart on January 15.

Johnston says resigning was “the right thing to do” in the wake of the downgraded guidance for the full-year.

“You have expectations – it’s been a tough year, but we could have done better”, he says.

“If you accept accolades when the company’s doing well, you should be prepared to accept responsibility if it hasn’t met expectations.”

Read more at Computerworld.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags renaissance

Featured

Slideshows

Tech industry comes out in force as Lancom turns 30

Tech industry comes out in force as Lancom turns 30

A host of leading vendors and customers came together to celebrate the birthday of Lancom Technology in New Zealand, as the technology provider turned 30.

Tech industry comes out in force as Lancom turns 30
The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Show Comments