SED International Holdings has undergone a management shakeup, including the departure of its CEO, as a new board began revamping the company. SED CEO Robert O'Malley, who joined the CE distributor last fall, and Chief Financial Officer Christopher Jo, resigned and were replaced on an interim basis by John Hagan and Stephen Dexter. The changes followed Paragon Technologies winning its bid earlier this month to replace the company's board.

Six SED board members, including Chairman Samuel Kidston and O'Malley, resigned and were replaced by Paragon's slate. At the time an agreement was reached with Paragon on a new board, SED said O'Malley would remain CEO.