ePlus inc.  announced that it has appointed Chad Fredrick as president of ePlus Group, inc., its subsidiary that provides financial solutions and services. Mr. Fredrick brings more than 20 years of sales leadership, transaction structuring, and market development experience to his new role, most recently serving as senior vice president of ePlus Group.
 
Bruce Bowen stepped down as executive vice president and president of ePlus Group effective March 28, 2014. Mr. Bowen, the founder of ePlus, will continue to serve as a member of ePlus' Board of Directors, and will continue as an ePlus employee, focusing on business development and special projects.
 
"I am pleased to congratulate Mr. Fredrick on his new role at ePlus," said Phillip G. Norton, chairman, CEO, and president of ePlus. "He has worked closely with Mr. Bowen for two decades and I believe has the experience and leadership capabilities to guide ePlus' financing segment on a continued path of success."
 
"On behalf of the entire ePlus family, I would like to thank Bruce for his dedicated service to ePlus since our inception in 1990. We are looking forward to continuing to gain his business insight and acumen as an ePlus board member and contributor in his new role," Mr. Norton continued.
 
ePlus Group, inc., a wholly owned subsidiary of ePlus inc., provides financing solutions and related services to a wide variety of private industries as well as state and local governments and federal government contractors who sell to federal government agencies. ePlus Group offers IT equipment financing, IT lifecycle process automation, and vendor solutions as well as healthcare leasing, federal leasing, and municipal leasing.