New Mega man in hot seat
Waikato software entrepreneur Graham Gaylard has been appointed new chief executive of Mega Ltd, which was once internet renegade Kim Dotcom's cloud storage business.
Gaylard is a founder of Datacom, one of Australasia's largest and most successful IT companies, is currently chief executive and founder of NetValue and current chair of Hamilton business incubator Soda Inc.
His new role sees him based at Mega's Auckland offices, but Gaylard told Waikato Times he would hold on to all his Hamilton commitments.
"I'll remain with Soda Inc, my allocation for duties I need to do at Soda Inc was very high on the agenda, so that will remain a significant priority."
Gaylard established NetValue in 2004 to specialise in "high value software systems".
Gaylard has been based in Hamilton for over 20 years running technology businesses.
Mega was launched by Kim Dotcom in 2012 as an encrypted, cloud-based storage platform to replace Megaupload.
The site has led to the German-born New Zealand resident facing extradition charges brought by the US Federal Bureau of Investigation on charges of copyright violations and piracy.
Dotcom no longer appears on the share register for Mega, although his estranged wife Mona continues to hold some 16 per cent of the company.
The majority shareholder today is a Hong Kong-based donor to New Zealand's governing National Party, Shen Zhao Wu, with an 18 per cent shareholding.
Dotcom and Gaylard have never met or spoken.
"I'm just here to build Mega," Gaylard said.
Gaylard said the growth period would be focused on secure online communication and collaboration.
"Our unique end-to-end-encrypted services provide businesses and consumers with secure cloud storage and communication capability at highly competitive rates."
Mega also announced that acting chief executive, Stephen Hall, would stay..