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Tech boss has overseen huge growth in the IT systems and service business
Thursday 01 Jun 2017 Author: Steven Frazer

The long-standing chief executive of IT systems reseller Softcat (SCT) is to step down. Martin Hellawell is highly respected in the IT industry and has made shareholders lots of money.

Softcat has grown exponentially during his 11 years at the company. Revenue has increased from around £50m to a forecast £800m for the year to 31 July 2017.

Hellawell will become non-executive chairman, yet investors already appear to be lamenting the loss of his leadership as CEO. The shares are down more than 10% since the announcement, despite robust trading.

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