Tequinox CEO quits

Chris Poelma, the man ASP Tequinox hired to give the company an international presence, has resigned as chief executive and managing director. Tequinox, formerly a Mincom division called Mincom ITS, delivers applications to the mining, transport, manufacturing, utilities and Government sectors and hired Poelma in July to run the company.

While no official reason has been given for Poelma's departure, sources from Tequinox suggest it may be the result of the company's decision not to list publicly. It was Poelma's vision to take the ASP to a public offering, preferably on the Nasdaq, a plan that was recently thwarted due to the volatile nature of the technology stock market.

No indications have been given as to Poelma's next venture, or when his replacement will be found. Tequinox has appointed Allen Vaughn, a vice president from parent company Mincom, as an interim manager.

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