Pinnacle Holdings has announced the appointment of Pierre Spies as deputy CEO, with a view to assuming the CEO position when incumbent Arnold Fourie retires.
The move, effective from 1 July 2015, will leave Spies’ previous position of CEO of AxizWorkgroup vacant.
Ashley Tugendhaft, chairman of Pinnacle, comments: “The directors are delighted to be able to appoint a successor of Pierre’s calibre to the helm of Pinnacle. The board is particularly pleased to have been able to appoint an internal candidate with such extensive ICT distribution, services and financial expertise.
“Pierre has worked closely with Arnold since he joined the group in 2014 and has made considerable contributions to both AxizWorkgroup and the wider Pinnacle Group. By announcing the successor now, we will have the benefit of a smooth succession in the CEO’s role.”
Fourie comments: “Having recognised Pierre’s talent over many years through competing in the market and more recently having worked with him as CEO of AxizWorkgroup, I am convinced that he is the right candidate to drive Pinnacle forward, unlock the full potential of the group and deliver value to all stakeholders.”
Spies has a BCom from the University of Johannesburg and completed his articles with PriceWaterhouseCoopers in 1992 and then joined the MB Technologies Group where he served as chief financial officer and CEO of Tarsus.
