Headquartered in Singapore, e-commerce firm iBuy recently posted a number of job listings on LinkedIn, advertising for a new Chief Technology Officer, Chief Marketing Officer, Chief Operating Officer and Country Head for Singapore among other positions.
L-R: Patrick Linden and Kris Marszalek
Earlier in August, the publicly listed company announced that its Group COO Kris Marszalek has been promoted to CEO to replace Patrick Linden who will leave the firm to “pursue new opportunities.”
Linden was first appointed as Group CEO in December 2013, when iBuy acquired three deal sites including his startup DealGuru.
According to its half-year announcement published on the Australian Securities Exchange (ASX) last week, iBuy saw a gross turnover of A$71.2 million (US$66.5 million) in a six-month period ending June 30, 2014. Furthermore, in the same period, sales had increased in all six markets: Hong Kong, Singapore, Thailand, Malaysia, the Philippines and Indonesia.
Linden told e27 that he had resigned earlier last month, and will be taking a short break in September and October before he embarks on the next venture, presumably in the e-commerce scene.
In conversation with this author, he wrote:
“… I’ve amicably resigned earlier in August from my position as CEO of iBuy. I’ve built DealGuru over the last four and a half years and subsequently guided the combined iBuy Group as CEO through its first stage as a public company. From a two men operation in a Singapore shophouse in early 2010 to ASEAN’s largest B2C e-commerce company with over 800 employees, it’s been an amazing journey for everyone involved. I’ve handed the reins over to Kris, previously COO of the Group who has done an impressive job so far integrating the operations across the board. We have also hired a CFO and CTO this quarter.
With the integration of the businesses on track, significant sales growth and important additions to our team, iBuy is very well positioned to continue to define ASEAN’s e-commerce industry for many years to come. I remain excited about the prospects of the company going forward and will maintain close relations with the team. Personally, I’m taking a short break in September/October before I embark on the next venture.
I love e-commerce, that’ll always be my passion, so the next main venture will be in that space again as an entrepreneur. In addition, I’m looking at how I can add value in a venture financing capacity as well.”
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For the record, brands under iBuy include Beecrazy, Deal.com.sg, MyDeal.com.my, Dealmates.com, Livingsocial and Ensogo.
e27 has reached out to iBuy for comment.