PIC Appoints Chief Operating Officer

5 August 2008

As part of the continued expansion in the South African market place, PIC Solutions has appointed David McAlpin as Chief Operating Officer.

In this newly created role of COO, David adds significant weight to the existing executive team and will assist with the day-to-day running of all operations and the development of an ongoing sustainable growth strategy for the company. In this position David will also be responsible for all of the various delivery departments at PIC Solutions

David has extensive international and local business experience and has held senior executive positions in the Massmart Group, CNA, Forza and the Lewis Group. As part of the Massmart Group he held the positions of Commercial Director and was also a member of the Executive committee for the 7 years he was there. At Dion Stores, David was Marketing and Managing Director and was responsible for IT and systems. David was the Chief Executive Officer of Forza (a listed luxury motor and outdoor leisure lifestyle distribution group) for 4 years and was the Managing Director of CNA for 3 years where he was responsible for the turnaround and repositioning of the company. He holds a Bachelor of Commerce Degree from Rhodes University and is an Associate of the Chartered Institute of Management Accountants (A.C.M.A.). David also holds an MBA from the University of Cape Town.

David McAlpin, Chief Operating Officer at PIC Solutions, comments, “I am excited about joining PIC Solutions and look forward to the opportunities that lie ahead. PIC Solutions has achieved excellent results in the past few years and my role is to develop and expand each area of the business and to grow the company to its maximum potential.”

Stephen J. Leonard, Chief Executive Officer at PIC Solutions, adds, “We are delighted to welcome David McAlpin to PIC Solutions. David brings with him a wealth of both local and international business and management experience to PIC Solutions. We are confident David will contribute to the ongoing rapid development and growth of PIC Solutions, both in our South African home market and also our ever expanding international presence.”

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