Dick Smith Holdings
(ASX:DSH) has announced that the Chief Executive Officer of the company Mr Nick Abboud tendered his resignation last night, effective immediately.
Mr Don Grover has been appointed as the interim CEO as the sale process of the company continues.
In conjunction with Mr Grover’s appointment, the Receivers and Managers of the company have launched online and print advisements to seek expressions of interest for the sale of the Dick Smith and Move businesses.
Creditors for the Dick Smith business include secured creditors that are owed approximately $140 million and unsecured creditors are owed about $250 million.
Dick Smith reported a net profit of $37.9 million at 30 June 2015.
