SolNet's CFO steps down

SolNet's chief financial officer, Peter Weaver, has stepped down from the role but says it's part of a management restructuring that's been 'a long time coming'.

SolNet's chief financial officer, Peter Weaver, has stepped down from the role but says it's part of a management restructuring that's been "a long time coming".

SolNet, once Sun Microsystems' sole New Zealand agent, has been beset by problems since Sun's decision to change SolNet's status to that of reseller-distributor. Other agencies, such as Computerland and Eagle Technologies, have since begun reselling Sun equipment. In November, Sun cut its remaining ties with SolNet completely.

Weaver, who will retain his shares in the company, says the recent ructions are not related to his decision.

"The directors of the organisation have looked at the plan going forward and determined what was the most appropriate management structure for the company. It's not a knee-jerk reaction to what's been going on."

While Weaver says he hasn't resigned as such, his role will be taken over in large part by Glen Jacobs, who will assume the financial controller's job.

"I'm very fortunate that I've got a very skilled good guy coming up behind me to pick up that role."

Weaver says he will remain in a management role with SolNet "in the short term", although what role that will be wasn't specified.

"In the longer term I'll be involved most likely at board level at least."

Weaver is one of three managers who bought 51% of the company from founder Murray McNae in April 2001. Of the other two, John Hanna resigned and sold his shares in April this year and is now working with Computerland as its enterprise division head and Mark Botherway remains as SolNet's managing director.

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