Booktopia to slash 50 staff as co-founder Tony Nash resumes top role

Booktopia Tony Nash collapse

Booktopia co-founder Tony Nash. Source: supplied.

Booktopia co-founder and director Tony Nash has been named executive director and will assume the sales director role for the next six months – a move announced at the same time as David Nenke’s departure as CEO after a year in the role.

Booktopia chairman Peter George will assume the role of executive chairman and will take on full operational responsibilities for the next six months while a search begins for a new CEO.

Today’s announcement also revealed that 50 positions within the company are to be made redundant, and the directors will be paid in share options rather than cash for the next six months.

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