SED International Holdings chairman Sham Gad has assumed the role of CEO at the troubled supply chain management provider and distributor of consumer electronics and small appliances.
Gad fills a role previously held by Mike Hagan who was appointed to the position on an interim basis in October following the resignation of former CEO Robert O’Malley.
“I would like to personally thank Mike Hagan for the job he has done as interim CEO for SED. Mike’s role and contributions as interim CEO are exactly what SED needed to get here today,” said Gad. “I am currently in discussions with Mike regarding his involvement with potential strategic projects for SED on a going forward basis.”
Gad also serves as managing partner of Gad Capital Management LLC, which is the general partner of Gad Partners Fund LP. Gad Partners Fund LP is a value-focused investment partnership and the largest shareholder of Paragon. Gad serves as chairman of Paragon which is SED’s largest shareholder.