Singapore headquartered, investment holding company, Courts Asia Limited has announced that its Grouo CEO, Terry O'Connor will resign from his role with effect from 1st July. He has also resigned from its board and will now serve the firm as Expert Adviser.

Courts Asia was recently also delisted from the mainboard of the Singapore board in May after Japanese retailer Nojima Corp completed its buyout. 

After the buyout even O'Connor shared his desire to relinquish operational responsibilities and support Courts Asia in advisory capacity. 

Now, as he steps down, the electrical, IT and furniture retailer has already begun its search for new Group CEO. In fact, the firm is now in the "advanced stages" of hiring a new group CEO.

Under O'Connor's leadership, Courts has entered omnichannel retailing, transformed offline stores into experience centres for consumers and expanded into Malaysia and Indonesia. He worked with the company for 20 years. He took on the role of Group CEO in 2011. 

"I am privileged to have led a wonderful team at Courts in Singapore, then Asia, through a period of transformation and growth. We have achieved many milestones together and I feel extremely proud of leading such a talented team," said O'Connor.

O’Connor has also been conferred the title of Officer of the Most Excellent Order of the British Empire by Britain’s Queen Elizabeth II for his work in promoting the business interests of the United Kingdom. 

Now, in his new role as Expert Adviser, he will oversee stakeholder relationship management and the ongoing integration process after the buyout.

While O’Connor transitions into a different role with the company, Courts Asia now has the responsibility to find someone who would be able to step in his shoes. The new head will not only have to work as per the bar set by O’Connor but help the firm navigate through this new integration process. 

Let's see who gets chosen as the new Group CEO and how he/she takes the firm towards its next phase of growth. 

Image Credits: The Peak Singapore