PIC Group Appoints Eleazar A. Malave to Vice President of Global Finance

(Atlanta, GA) PIC Group, named Eleazar A. Malave as Vice President of Global Finance, effective May 30, 2023. In this role, Mr. Malave will lead the team responsible for the development and execution of all corporate accounting and financial reporting functions for PIC Group and its foreign subsidiaries, serve as Treasurer and Secretary of the Corporation, and serve on the company’s Compliance Committee. In addition, Mr. Malave will effectively manage the company’s working capital and financial resources to ensure PIC Group can meet customer expectations.


“Eleazar is a strong leader with broad business experiences and proven ability to analyze complex financial issues with sound business judgment and will be instrumental in providing senior management as well as shareholders with the best information possible to drive business decisions, and help create long-term value for PIC Group’s shareholders,” said Frank Avery, PIC Group CEO and President. “Eleazar is a great addition to PIC Group’s management team.”


Mr. Malave comes to PIC Group from Tegra Global, where he served as Vice President of Operational Finance & Corporate Accounting. In this role, Mr. Malave was responsible for strategic and operational finance leadership for manufacturing locations in the USA, Honduras, El Salvador, Nicaragua, and Mexico. Mr. Malave brings more than 20 years of financial management and reporting experience to his role.


PIC Group, Inc. is dedicated to delivering value by providing global energy services to facilities across four continents – North America, South America, Asia, and Africa. PIC provides O&M Services (Care, Custody and Control), Commissioning and Startup, Documentation & Training and Staffing services and serves the power generation, oil and gas, petrochemical, pulp and paper and manufacturing industries. PIC Group, Inc. is a wholly owned subsidiary of Marubeni Corporation, a Fortune Global 500 Company. Marubeni is a major Japanese sogo shosha (international trading company) and the third largest global independent power producer (IPP). For more information, visit www.picgroupinc.com.


Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business including consumer products, food, agriculture, chemicals, energy and metals and power business machinery and infrastructure.