Salmat restructures, goes on $100m acquisition drive

December 13, 2012 12:14

Exit: Nick Spooner

Salmat has merged its digital division into the business as part of a restructure which means digital CEO Nick Spooner has been made redundant.

Grant Harrod, CEO and MD of Salmat, told Mumbrella that the restructure was intended to “reduce the number of layers between me and the customers and give us a more agile business. We’ve reduced that number of layers by two now.”

Harrod said he didn’t expect further redundancies and that the company was looking to grow, investing up to $100m in acquisitions.

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Cathie McGinn

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5 COMMENTS

Technojames 13 Dec 12

Gee.. a whole $100 in acquisitions…

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Cathie McGinn 13 Dec 12

Fixed – thanks Technojames

Cathie – Mumbrella

Just sayin... 13 Dec 12

Does Roamz actually have a business model yet?

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JG 13 Dec 12

Patience Just sayin… Roamz wasn’t built in a day.

Jimbo 14 Dec 12

They can spend as much cash as they want. They are buying the name of the business and all the staff from the businesses, but unfortunatly all the staff have packed up and left and the clients have followed or are planning to.

Theyw ill have another restructure again soon, i think this is 2-3 in a year now?

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