CEVA Logistics Integrates Businesses Worldwide
Hoofddorp, The Netherlands (ots/PRNewswire)
- Group Leadership Structure Re-aligned
- Four Regional Presidents to Drive Growth
- CEO John Pattullo: "This will bring us even closer to customers."
CEVA Logistics, one of the leading supply chain companies in the world, today announced a major restructure. Effective immediately, four Regional Presidents will be responsible for running the integrated businesses in Contract Logistics (CL) and Freight Management (FM). In making the announcement, CEO John Pattullo commented: "We believe this will bring our business even closer to customers and help us meet their growing need for integrated solutions."
CEVA resulted from the merger of the former TNT Logistics with EGL Eagle Global Logistics in August 2007. The new company originally retained the CL and FM businesses as separate divisions, with the exception of Asia-Pacific which tested a model integrating the two businesses at country level. Following a very successful nine-month pilot in that region, the company has now decided to adopt the integrated model globally. As Pattullo explained, "The Asia test has delivered outstanding results. The integrated structure allows for one CEVA 'face' to the market, helps us stay very much attuned to customer expectations, and enables the provision of integrated solutions. Put simply, we think this new structure will let us do an even better job of supporting our customers."
CEVA announced the following appointments at the most senior level:
- Joe Bento, President, Americas and Global FM network
- Vittorio Favati, President, Asia-Pacific
- Bruno Sidler, President, Northern Europe
- Gianfranco Sgro, President, Southern Europe, Middle East &
Africa.In recognition of its global nature and need for coordinated leadership, Joe Bento retains responsibility for the FM network to ensure cross-regional effectiveness.
Elaborating on the new structure, Pattullo emphasized the critical significance of CEVA's three global sector teams covering the Automotive, Technology, and Consumer/Retail industries: "They will shape sector strategy, lead product development, co-ordinate our Century (Top 100) key accounts, and act as trouble-shooters whenever sector-specific issues emerge," he explained.
In closing, Pattullo expressed his conviction that the changes announced today would provide the basis for sustainable growth: "This new, robust structure should serve us well for some time to come. However, in our pursuit of excellence we will keep looking for ever more effective ways to deliver value to our customers."
CEVA. Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA employs 54,000 people and runs an extensive global network with facilities in over 100 countries. Following the merger with EGL in August 2007, the new combined company had pro forma sales of EUR 6.3 billion. For more information, please visit http://www.cevalogistics.com
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:
The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic climate in Asia and the US, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of integrating recently acquired businesses and future business combination or dispositions and other factors detailed in risk factors and elsewhere in CEVA and EGL's most recent Annual Reports, including but not restricted to the EGL Annual Report on Form 10-K. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. EGL and CEVA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Contact:
For more information please contact: Paula Satink, +31-23-568-3492,
Paula.Satink@cevalogistics.com