- Marvin O. Schlanger will retire as CEO effective 2 January, 2014
- Former Kuehne + Nagel executive, Xavier Urbain, will become CEO and a member of the Board of Directors
- Mr. Schlanger will resume his position as non-executive Chairman of the Board
Hoofddorp, the Netherlands, 15 November, 2013 – CEVA Logistics, a leading global supply chain management company, announced today that Marvin O. Schlanger will retire as CEO effective 2 January, 2014 and will be succeeded by Xavier Urbain.
Mr. Urbain has had a long and outstanding career in the Supply Chain industry serving on the Management Board and Board of Directors and in several senior executive positions at Kuehne + Nagel and as CEO of ACR Logistics. Mr. Urbain has been elected a member of the Board of Directors, effective January 2, 2014, and will be located at the company’s global head office in Hoofddorp, the Netherlands.
CEO Marv Schlanger said: “When I assumed the leadership position at CEVA, I had a number of immediate priorities to position the company for success in the future. I am pleased with our progress and the accomplishments of the management and employees of CEVA, and I am excited that we have been able to recruit an executive with the background and stature of Xavier Urbain. I look forward to working with Xavier and the Board of Directors as we execute CEVA’s business plan.”
Mr. Urbain said: “I am delighted to be joining the management team at CEVA and look forward to working with our customers and employees as we capitalize on CEVA’s strengths to realize our full potential.”
Mr. Schlanger will resume his position as non-executive Chairman of the Board, a role he first undertook in 2009.
For more information contact:
+31 622 482 604
CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 50,000 employees in more than 160 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com
SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2013 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. 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 annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. 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. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.