Posted on Friday 6 April 2012 by Ulster Business
The company told Ulster Business it intends to create “at least 30 new jobs” as part of a plan to set up a new commercial function focused on the key areas of product, e-commerce and marketing.
In addition, the company is seeking to strengthen its expertise in the areas of IT and Finance and is also actively recruiting in these areas.
Chain Reaction Cycles, which has styled itself as “the world’s largest online bike store”, currently employs almost 600 people and exports its products to a wide customer base across Europe, the US, Australia, Russia, Japan, South Africa, and more. Its turnover in 2010 was £109m.
The new positions are being created as part of what the business describes as an “expansionary restructure” which has also seen it recruit three new members to its operating board.
In January, Jarlath Quinn joined as Finance Director from Westland Horticulture, Michael Murdock joined as Chief Information Officer from the Monaghan Group and Nick Redmond joined from Ernst & Young as Operations Director. All were hired because they had experience of working within companies that are larger and more complex than CRC is at present.
The restructure was deemed necessary by the CRC management team, under the leadership of Managing Director Chris Watson, because the company is expanding so quickly – with growth of more than 30% achieved last year through internet sales.
“The board at CRC has ambitious plans for the company’s future growth. Following the completion of a five year plan and a strategic review of its operating model, the existing board identified the need to broaden its expertise, bring in a new external perspective and define clear reporting lines within an expanded operating board,” it said.
For the full story see the April issue of Ulster Business.