Entertainment Magpie, the parent company of UK based tech trade-in and retail site musicMagpie.co.uk, and US site Decluttr.com, has announced the appointment of a new president and CEO.
Retail heavyweight Anthony Catterson is the new President and CEO of its US operation.
The appointment comes off the back of a year of stellar growth for Decluttr having more than doubled revenues in the last 12 months to a run rate in excess of $50m, with its consumer electronics category climbing to over 50% of total revenue for the first time.
The company was also recently showcased on US national TV show Good Morning America as being the ‘best place in the US to sell your iPhone’. In addition, Decluttr is on the brink of securing the industry recognised R2 quality accreditation, and has completed a significant growth capital deal from AURELIUS Finance Company which will help fuel further growth in the US.
Catterson is a former Senior Vice President of major US network operator Sprint and prior to his role there, was Managing Director of both Carphone Warehouse and Phones4u in the UK. More recently he was Global CEO of the listed online technology retailer eXpansys. He has extensive experience of working in both the UK and US and has led both public and private multi-channel retail and B2B businesses through rapid growth phases, ranging from small start-ups to those generating $20B+ in annual revenues.
Across the Entertainment Magpie group, sales revenues for FYE 2019 are forecast to hit £130m and with Catterson’s appointment and the recent growth capital deal, overall growth of the business is set to further accelerate rapidly within the next few months.
Steve Oliver, co-founder and CEO of Entertainment Magpie, said:
“We’re really excited to have Anthony joining our Group Board to come and lead Decluttr in the US. We have huge plans for the brand and believe that Anthony is the right person to implement our vision and turn Decluttr into an even bigger success state-side. The business has experienced massive growth in the last 12 months and Anthony’s appointment is crucial to take the business forward and continue momentum on its recent successes.”
Anthony Catterson, said:
“Decluttr is a brand that I have seen grow rapidly over the last few years and it’s great to be working with Steve and the rest of the group’s senior management team to plan for our next phase of growth. The recent growth capital deal the business has completed, coupled with the hard work of the entire team on both sides of the Atlantic means that Decluttr is perfectly positioned to capitalise on the major growth opportunities in the re-commerce and consumer electronics sector in the US, and I am thrilled to be joining such an ambitious team.”
Building on the group’s current successes, Decluttr is soon to be R2 credited. This is the electronic recycling industry’s leading certification, and the R2 Standard is designed to help ensure the quality, transparency, and environmental and social responsibility, of R2 Certified electronics recycling facilities. This is a critical element of the company’s unique positioning and strategy in the US.
Founded by Steve Oliver and Walter Gleeson in 2007 out of Steve’s garage, Entertainment Magpie is now one of the biggest e-commerce resellers of new and pre-owned Consumer Electronics (mobile phones, tablets and laptops) and media in the world. The company is the world’s largest third-party seller on Amazon and eBay, and has won numerous industry awards including the Sunday Times Fastest Growth Companies and last week was voted the Tech Radar Mobile Choice Consumer Awards Winner 2018.