Snap Franchising CEO resigns

Peter Sinodinos has resigned as the chief executive officer of Snap Franchising Ltd after just over two years in the job.

A replacement to run the chain of more than 150 franchises has not yet been found with a statement indicating Snap board chair Peter Russell will support the executive team of the business in the interim.

“Although we’re sad to see Peter leave, we are confident in the significant leadership strength and commitment we have in the team as well as the direction for the brand we have planned for FY20. It is my intention to support them fully whilst a new CEO is sought. Until then, it is very much business as usual,” Russell said in a statement provided to franchisebusiness.com.au.

“We would like to thank Peter for his service to the company over the last two years and wish him well with his future endeavours.”

Sinodinos took on the role of CEO at Snap on March 1, 2017.

http://www.proprint.com.au/News/390828,industry-outsider-new-snap-ceo.aspx

At the time Russell described Sinodinos as bringing extensive retail and franchise experience and an open and consultative approach that would drive Snap’s transformation strategy.

Prior to joining Snap, Sinodinos spent a number of years at The Good Guys as ground general manager retail operation. Before that he was the general manager merchandise for IT products.

Snap has more than 150 stores in Australia and 35 in New Zealand, Ireland and China.

 

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