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New CFO for Pinnacle

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Pinnacle Technology Holdings has confirmed that former SAA GM of operations, Chris Smyth, will take over the position of CFO with effect from 16 March.

Smyth was GM of Operations at SAA from May 2007 until now, in which he was responsible for the airline`s pilots, cabin crew, global operations     
control, in-flight logistics, customer care, airports and terminal staff at all the airports SAA serves, aviation security and aviation safety.                 
He also acted as SAA`s CEO for the 2009/2010 financial year in between the previous CEO, Khaya Ngqula and the present incumbent, Siza Mzimela. He was an  
integral part of the team that restructured and turned SAA around from an R880m net loss for the year ended March 2007 into a R580m profit during the 2009/2010
financial year.                                                                 
Smyth has extensive financial experience in Africa having served as Group Financial Director of Kenya Airways from 2001 to 2005 and then Chief Financial Officer of
Virgin Nigeria Airways from its start up in 2005 until he left to join SAA in 2007.                                  Prior to his African experience, Smyth was Finance Executive at Radiospoor Telecoms.