Marius Ghenea goes back to computers

Marius Ghenea, one of the founders of Flamingo Computers and CEO of Flanco International, has decided to go back to the IT business world. His target is the young FIT Distribution company, specialising in IT equipment distribution.
Ghenea will buy about half of FIT Distribution’s shares and become equal partner to IT group Ager.
“The deal will be completed in a couple of weeks,” Marius Ghenea told Ziarul Financiar, adding the stake in FIT Distribution amounted to several hundred thousand dollars.
What made Marius Ghenea invest in the small distribution firm? “Its high growth potential,” the businessman explains. Although in business since mid last year, FIT Distribution managed to make $1.6 million turnover in only a matter of months (until the end of 2002).
The company is planning to sell $7-8 million’s worth this year.
Even though having bought about 50% in FIT Distribution, Marius Ghenea has no intention of becoming involved in its management, and would rather remain a mere investor.
“I hope my becoming shareholder in FIT Distribution would boost the confidence of partners and clients alike. Strategically speaking, I will try to help the company grow by making use of my expertise in the IT field,” Ghenea added.
Marius Ghenea established the IT equipment distribution company Flamingo Computers together with two of his college friends in 1994. He quit Flamingo at the end of 2001, when he withdrew from the management team and sold his stake to the other shareholders.
Flamingo had come to attain $47 million turnover and employ several hundred people back then.
Marius Ghenea was appointed chief executive officer of Flanco International, one of the top players on the Romanian home appliances and electronics market early last year. His salary package included an option plan, as well. Ghenea has managed to boost the company’s turnover from $20 million (2001) to $52 million (2002) in only one year.