Lowe tapped for president at plastic pallet pool operator iGPS
Intelligent Global Pooling Systems has named Rex Lowe as president.
Prior to joining iGPS, Lowe served as chief executive officer of OptiLedge, a subsidiary of Inter IKEA Holding Systems in the Netherlands. OptiLedge is a unit-load system used to handle furniture, home improvement, consumer and business electronics, appliances and other consumer and industrial products.
Lowe also served as president of CHEP USA, which he helped turn into a $1 billion wood pallet pool operation in the United States. His system for managing pallet transport and delivery was adopted by Wal-Mart as its standard.
iGPS was formed this year by Cos Cob, Conn.-based investment group Pegasus Capital Advisors to create a large plastic pallet pool tracked by radio-frequency identification tags. The company appointed Bob Moore as CEO. Moore recently served as CEO of CHEP International.
“With technological advances in shipping and logistics, plastic pallets are more price competitive than ever with the existing standard wood counterpart,” Lowe said. “We are already hearing from major retail and pharmaceutical companies looking for more information on the economic advantages of a rental pool when switching to plastic pallets.”
Lowe will be based in Dallas. He will be responsible for sales, operations, information technology and supply for iGPS.
For more details about iGPS, read the June issue of American Shipper, page 42.