New year, New CEO at WMC Group

Pecotic will remain as a director and shareholder, continuing to work with WMC Group, the sole distributors of Chinese-built JAC trucks and Higer buses in Australia. Chinese-built LDV Vans will be added to the WMC Group portfolio this January.

Bamford brings more than 25 years' experience in project management, finance, corporate strategy and governance, with leading finance and investment organisations including Allco Finance, Societe Generale, Babcock and Brown and AMP. He has also worked with BHP and spent four years with major consulting group, Price Waterhouse Coopers. His experience will be vital in steering the company through its next major growth phase, according to Pecotic.

"WMC Group has grown rapidly over the past five years and the board felt it was vital to bring someone with Neil's management expertise and knowledge into the business to ensure the company is well positioned for the future," said Pecotic.

"Neil's extensive knowledge of management and finance in particular will be invaluable as WMC Group continues its expansion and growth trajectory," he added.

"Taking the helm of WMC at this point in its development is an exciting opportunity with the ability to put into place new structures and policies to continue its growth," said Bamford.

"It is a remarkable effort considering it has been a little over five years since WMC's inception and I look forward to continuing the work Jason has begun.

"Our first major challenge is the launch and introduction of the LDV range of commercial vans and people movers to the Australian market in late January," he added.