Mike Ruprich has resigned as chief executive of Chicago-based catalog distributor Newark InOne, EBN has learned.
A spokesman for Newark's parent company, Premier Farnell plc, Leeds, England, confirmed that Ruprich "in the recent past" left the company to seek other opportunities. The move occurred sometime in July, according to sources.
Ruprich could not be reached for comment.
Premier Farnell's chief operating officer, Lawrence Bain, will assume Ruprich's duties until a replacement is appointed. Candidate will be considered from both within and outside the company, the spokesman said.
Newark is one of two Premier Farnell subsidiaries in North America. The other, MCM InOne, is a catalog distributor based in Centerville, Ohio, that focuses on tools and MRO repair parts for the electronics industry.
Premier Farnell recently reported that North American revenue for the first quarter ended May 4 rose slightly to $122 million, from $118 in the year-ago period, based on the exchange rate at the time the company reported. "A major portion" of the North American revenue is generated by Newark, the spokesman said.
Last year Newark reported revenue of $476.7 million for the 2002 calendar year, down from $534.4 million in 2001.