March 22 (Reuters) -
Ibuynew Group Ltd IBN.AX :
* Mark mendel rotates from ceo role to new position as head of strategy
* Alex caraco appointed as ceo
* Cost reduction plan initiated, expected to deliver c.$700k annualised net saving from 1-jul-17
* Illustrative sales scenario of 240 units, and planned reduction in overhead costs, would result in ebitda breakeven in fy 2018
* Andrew jensen will transition from executive director to non-executive director
Source text for Eikon: ID:nASX21Q0g8
Further company coverage: IBN.AX