Locke departs Domainz after buy out

Derek Locke, CEO of Domainz, has resigned following the company's purchase by Australian registrar Melbourne IT.

Derek Locke, CEO of Domainz, has resigned following the company's purchase by Australian registrar Melbourne IT.

Locke lead a management bid to buy Domainz but was beaten to the sale by Melbourne IT and managing director Theo Hnarakis.

In a written statement Hnarakis says “Derek departs with our very best wishes for the future. He has contributed greatly to the business during his term as CEO through his professionalism and inclusive management style". Neither Locke nor Hnarakis were immediately available for comment.

Locke came to Domainz at a time of great turmoil in the company. His predecessor Patrick O'Brien was criticised for poor project management following cost blow-outs in the development of a domain name registration system (DRS) and the owner of the company, the Internet Society (now called InternetNZ) was moving to a shared registry model (SRS) that has seen Domainz lose a large percentage of its registered domain names.

Locke oversaw the introduction of the SRS and lead Domainz as the stabilising registrar during the development of the open market for registrars. Technical problems with the introduction of the .maori.nz second level domain (Domainz under fire over .maori.nz name ownership) and a censure from the Domain Name Commissioner (DNC) (Domainz censured by DNC) were probably the only blots on Locke's two-year tenure.

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