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Ian Cook Appointed as Logicalis Group Chief Executive

Logicalis Group has appointed Ian Cook as CEO. Currently head of Logicalis European operations, he succeeds Jens Montanana who moves to the role of Chairman of the organisation. The appointment will be effective 1st March 2007 to coincide with the Group's new financial year. It will see Cook, who is based at Logicalis' international headquarters in Slough, England, assume all day to day responsibility for the operations and management of the Group in North and South America as well as in Europe.

Cook joined Logicalis as head of European Operations in 2003, after more than 25 years in the technology industry. Previously, he was executive vice president sales and marketing at Damovo S.A., the global communications services company, responsible for the company's solution development and market proposition.

Prior to Damovo, in 1990 he headed up Siemens Networks Systems Ltd (SNSL), the company that subsequently became Omnetica, (now Affiniti) one of the UK's leading providers of network solutions and services.

According to Montanana, Cook's appointment was part of a succession planning process which took into account his international experience, as well as the significant business improvement and market share gains made in the UK, and this has contributed to the tremendous overall growth in revenues, and large improvements in the profitability of the Logicalis Group, that has been achieved over the last few years.

The majority of the group's revenues and profits are in the US; and in addition to the UK, the group also has a major presence in South America, and an operation in Germany.

For the year ended 28 February 2006, Logicalis delivered another twelve months of record-breaking revenue growth. Revenue was $545.6 million, which includes $105.3 million arising from the acquisitions made during the year. This compares to revenue of $340.9 million from continuing operations in 2005.



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