LIS Inc. names Hiscox CEO

CHARLOTTE, N.C., June 27, 2002 — As part of its expansion to supply chain event management with a new product VirtualView, LIS has appointed Martin Hiscox as Chief Executive Officer.

As CEO, Hiscox will have the day-to-day management responsibility for the business and for developing and achieving the business plans for LIS’ core markets of the United States, UK and mainland Europe. Previously, Hiscox was LIS’ European managing director and facilitated the company’s growth in that market through acquisitions, start-ups and strategic partnerships.

“It is vital that all our territories are cohesively managed because our major customers want to see a coordinated, international approach from their preferred technology vendors,” said Hiscox. “With world-class products and strong local implementation teams, this is exactly how LIS works. We have 15 years experience working with industry leaders across the globe and with our new structure, we are putting the pieces in place to accelerate the growth.”

Ian Shepherd will remain as Chairman of the Board with responsibility for mergers, acquisitions and strategic development.

“LIS has had a very successful year. We have grown the business, without sacrificing profitability, and have seen significant penetration into mainland Europe while our US and UK businesses remained strong,” said Shepard. “Our customers are increasingly looking for global supply chain partners and Martin’s focused operational approach is aimed at meeting their needs. This reorganization has provided us with the ability to further grow the company in a planned and controlled manner.”

In addition, Fraser Dawson was named European managing director, while Mike Dean and Jerry Neville will continue as UK managing director and President of LIS in the Americas, respectively.

About LIS
Established in 1985, LIS is a global provider of flexible warehouse management system and supply-chain event management solutions. LIS serves manufacturers, distributors and retailers on four continents, and has offices in the U.K., Belgium, the Netherlands, France and the United States. The U.S. head office is located in Charlotte, N.C. For more information, visit www.lis-online.com.


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