Phillips happy with Cadmus succession plan

Measurement Systems for Continuous Improvement
QLBS.com

For Immediate Release: March 27 2007

Phillips happy with Cadmus succession plan

Keith Phillips, who stood down as Chairman and a director of Cadmus Technology today, says his exit is perfect timing and Cadmus shareholders should be happy an industry leader of the calibre of Peter Maire is taking both financial and management interest.

“With the rapid growth of QLBS.com and the demands that has placed on me, I have been juggling my business interests for sometime, but I was not keen to relinquish the Cadmus role until the best succession plan was in place,” he says.

Mr Phillips leaves New Zealand on Thursday to run a workshop in Seattle for incubator managers as part of the worldwide conference for the National Business Incubation Association. The association has signed an agreement with QLBS.com to introduce its performance measurement systems throughout the world.

This follows QLBS.com last week helping its Indian Ocean client of Mauritius win a global award for best small country trade promotion agency. QLBS.com developed performance tools designed to increase the capability of Mauritius’ export companies and government departments.

“These and several other international developments, along with the agreement we signed last year with India’s largest company, TATA Group, is driving strong interest in QLBS.com’s systems,” Mr Phillips says. “I need to be able to focus all my attention on that.”

North Shore based QLBS.com specialises in using information technology to create performance improvement systems for economic development, health and education.

It has been working with a joint committee of New Zealand’s Ministry of Economic Development, New Zealand Trade and Enterprise and members from the private sector on developing similar systems for the past four years. Its systems have already scored economic development awards in New Zealand.

Mr Phillips, who has had an international career spanning Europe, USA, Middle East, Africa and Asia, was also formerly a director of successful technology venture capital firm IT Capital and former part owner of Terabyte Interactive.

ENDS

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