Bertrams’ new owner Aurelius has installed a new management team four months after buying the wholesaler.
The company revealed that executive director Marc Dubery has left the company after four years “to explore other opportunities”. Rob Moss, current managing director of e-commerce retailer Wordery, will step into his shoes on an interim basis with a focus on strategic direction, performance, quality and account management, while retaining his position at Wordery.
The company has also hired Phil O’Donnell as chief operating officer, with accountability for publisher engagement and Steve Potter has been appointed as head of buying, leading the buying team.
As chief information officer, Stephen Denton, who joined the business around the time Aurelius bought it from the Connect Group in February 2018, will add responsibility for developing new business opportunities to his list of duties and continue to have full accountability for IT, while Clare Davey also joined the business last month in the role of chief HR officer.
Besides Dubery, no one else has left the business as a result of the new structure, Stephen Moon, operating partner at Aurelius Investments Limited, told The Bookseller.
He praised Dubery for “successfully growing the business over this time”, adding “we wish Marc all the very best for the future”.
On Potter’s promotion to head of buying, he added: “We can already see the positive changes that Phil is making across operations with his team and look forward to seeing this go from strength to strength.”
“This is a new chapter for the business with optimism around our growth plans, improvements with new technology and progression on our future strategy that we will be sharing with you over the coming months,” Moon said.
The Connect Group sold Bertrams (then called Connect Books) to private equity firm Aurelius for £6m in February.
Shortly afterwards then managing director Justin Adams left the company and Aurelius said it had moved to strengthen the current management team with the addition of three new hires: Nicholas Goodwin, as chief financial officer; Moon as Aurelius Operating Partner and Caroline Cotterell as HR director.
At the time Goodwin told The Bookseller the new owners would invest in the business to innovate and take advantage of opportunities in the market.
“This is a great business with great customers, great products and great people. Our objective is to ensure that we focus on innovating to ensure we can continue to deliver great customer service. The business has been underinvested in the past and our job is to make sure it receives the support it has not received in the past so the commercial guys can focus on delivering to customers,” he said at the time.
The Aurelius Group is a pan-European asset manager with offices in Munich, London, Stockholm and Madrid. Over the last 10 years it says it has grown from a local turnaround investor to an international multi-asset manager investing in a wide range of sectors and across the capital structure.