COURTS Asia Limited today announced that Terry O’Connor, Group CEO, will transition into an Executive Advisor role with effect from 1 July 2019 and has resigned from the Board. With the acquisition of COURTS Asia Limited by Nojima Corporation now completed, Terry expressed his desire to relinquish operational responsibilities and support the Group in an advisory capacity. As Executive Advisor, Terry will provide oversight on stakeholder relationship management and the ongoing integration process to the Company.

Under Terry’s 20 years of leadership, COURTS has undertaken a strategic transformation journey towards solutions selling, omni-channel retailing, driving market leadership in electrical, IT and furniture categories, transforming offline stores into experience centres for consumers as well as expanded into Malaysia and Indonesia.

Terry O’Connor said, “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. Having facilitated the ownership change for COURTS from COURTS Plc in 2004 to private equity owners and now to Nojima Corporation, a long-term strategic investor, it is an opportune time for me to transition into a different role with the Company.”

The COURTS Asia Board expressed their utmost gratitude to Terry for building COURTS into a leading household name and his support in the integration process. The Group is in advanced stages of the hiring process for a new Group CEO.