Rhipe CEO Dominic O’Hanlon exits
- 24 November, 2021 09:43
Dominic O'Hanlon (Rhipe)
Rhipe's chief executive officer Dominic O’Hanlon has stepped down from the distributor in the wake of its acquisition by Crayon.
O'Hanlon has led the cloud-focused distributor since 2014, having previously held leadership roles at Flare Ventures and MYOB. His role will now be overseen by Mark McLellan, Rhipe's chief financial officer and chief operating officer.
"I am incredibly proud of what has been achieved over the past seven years and have thoroughly enjoyed my time here at Rhipe,” O’Hanlon said. “The transformation that Rhipe has experienced since this time has been amazing. The foundations have been well built and Rhipe is incredibly well positioned for its next stage of evolution, as the transition into the Crayon family begins.”
O'Hanlon first stepped into the Rhipe CEO role of what was then known as NewLease seven years ago following the death of its founder and group managing director Doug Tutus.
Nine months later, the company was rebranded to Rhipe as O'Hanlon unveiled his vision to expand nationally and globally, opening the business up to provide more than traditional software licensing.
In following the global transition to cloud, O'Hanlon oversaw the gargantuan rise of Rhipe's Microsoft Cloud Solutions Provider (CSP) program.
However, Norwegian software asset management and cloud optimisation company Crayon soon came calling, with rumours of an impending buyout of Rhipe flurrying in June. The rumours were later confirmed with Rhipe agreeing to Crayon’s takeover proposal at A$2.50 per share, valuing the deal at A$408 million.
Since the acquisition's completion last month, Rhipe delisted from the Australian Securities Exchange (ASX) and become a private subsidiary of Crayon.
According to Crayon CEO Melissa Mulholland, O'Hanlon's successor McLellan will now bring his "expertise in managing large and complex change projects, and his impressive track record" to Rhipe's new chapter.
“We appreciate Dominic’s hard work and service throughout the years and wish him the best for the future,” she added.
McLellan also thanked O'Hanlon, adding that he looks forward to "furthering [Rhipe's] growth" as its integration into Crayon provides "more services and innovation”.