Haddrell bids farewell to tinglobal

Industry veteran sells stake in refurbished kit specialist to focus on other interests

Double-honours languages graduate Haddrell has left tinglobal

Refurbished kit specialist tinglobal has confirmed the departure of its managing director, Rod Haddrell.

Haddrell, a 25-year veteran of the industry, stepped down at the end of January and has sold his stake in the Cirencester-based outfit to its two remaining executive directors.

Tinglobal chairman David Gutteridge said double-honours languages graduate Haddrell had left on good terms, but did not plan to continue working in the industry.

“Rod had got to the point where he had had enough of being in the industry and wanted to spend time on the other things he is interested in,” he told CRN. “It was too big to be small and too small to be big – we are now turning over £25m and there is a big time commitment in that.”

Tinglobal, which sells refurbished Cisco, IBM, HP and Sun kit to about 800 resellers, saw turnover for its fiscal year to 31 May 2009 rise 35 per cent to £23.4m.

Gutteridge said: “We are probably the biggest [refurbished equipment dealer] in the UK and our objective is to become the biggest in Europe. We will acquire if the opportunity arises.”

Tinglobal is minority owned by private equity fund Shackleton Ventures. Gutteridge, who looks after strategy, marketing and finance, and Mat Jordan whose responsibility is sales, now own an equal split of the remaining shares. Haddrell took care of operations for the group.

Gutteridge said: “We are on the lookout for a senior operations guy. We have 40,000 square feet of inventory, warehousing, engineering and logistics.”