Sharp Electronics Corporation (SEC) has announced that Mike Marusic has been named President and CEO, Sharp Imaging and Information Company of America (SIICA), effective June 4, 2018, replacing Doug Albregts who has resigned from Sharp to pursue a new opportunity. In this position, Marusic will report directly to Ted Kawamura, Chairman of SEC, and will be responsible for directing the strategic growth and profitability of Sharp’s Business to Business (B2B) operations. Doug Albregts will remain in the position until June 1, 2018.
Mike Marusic joined Sharp in 2002 as Associate Vice President of Marketing for SIICA.
“Mike has greatly contributed to SIICA’s many accomplishments over the past several years,” stated Ted Kawamura. “I am very confident that with his strong leadership and ‘make things happen’ management style he will drive SIICA to the next stage of growth and success.”
Marusic is a graduate of Siena College and earned his MBA from Fordham University. Prior to joining Sharp in 2002, he headed up the marketing group for Panasonic’s copier and computer peripheral division and has over 25 years’ experience in the office technology sector.
“I’m very excited to take on this new position within the SIICA organization,” said Marusic. “As Sharp continues to be recognized globally for its products and innovations, I look forward to working with all of our business units to enhance the brand in the market while developing sales and executing growth within the electronics industry.”
“I want to thank Doug for his service to Sharp over the past many years,” added Sharp Electronics Corporation’s Chairman Ted Kawamura. “Under Doug’s leadership, along with Mike, they led Sharp in challenging financial times and significantly grew revenue and operating income for many consecutive periods. With their efforts, Sharp’s business is poised for even greater success in the future. We wish Doug well in his new endeavors.”
Albregts joined Sharp in 2011 as President of SIICA and was appointed President and CEO of SEC in 2016. Prior to Sharp, he held executive leadership positions at NEC, Samsung and American Express and will be leaving Sharp for an opportunity outside the industry.
“This was an exceptionally difficult decision for me to leave this great family and company. It has been a privilege to serve Sharp over the past six plus years, and I wish Mike and the team much success in the future,” said Albregts.
Can’t say that we’re surprised by this announcement. Without going into grand detail we had a strong inkling that Doug might be open to an opportunity outside of Sharp despite doing a tremendous job there over the past few years. He helped Sharp, along with the rest of his team, including Mike, navigate through some difficult times. After the acquisition by Foxconn, we’re sure there have been some challenges acclimating to the new owners. We wish Doug all the best in his latest endeavor.
Nor are we surprised by the announcement of Mike being named President & CEO. He is the logical choice and knowing him since his days at Panasonic, the company is in good hands with Mike at the helm. The dealer community should feel comforted knowing that company leadership here in the U.S. is someone who is tried and true, possesses a brilliant marketing mind, and is intimately familiar with the independent dealer channel.
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