|
|
|
|
|
|
|
|
|
|
|
|
Hoofddorp, The Netherlands, October 9, 2012 – CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, today announced the retirement of John Pattullo, Chief Executive Officer, effective October 12, 2012. Marvin O. Schlanger, CEVA’s current Chairman of the Board, will be appointed CEO. Pattullo will continue to serve on CEVA’s Board of Directors.
“When John came to CEVA, he expressed his expectation of staying with the company for five years,” Schlanger said. “Under his leadership, the integration of TNT Logistics and EGL was successfully executed and the company's unique customer-focused, end to end operating model successfully developed. He has also assembled a world class leadership team. All of this has allowed CEVA to serve our customers better and to grow faster than the market. We want to thank John for his strong leadership of the company and look forward to his continued guidance as a member of our Board."
Schlanger added, “I look forward to working with the talented and dedicated employees of CEVA as we execute our strategies to become the most admired company in the supply chain industry.”
CEVA is owned by affiliates of Apollo Global Management LLC, a leading global alternative asset manager.
For more information contact:
CEVA Group Marketing & Communications
kay.hart@cevalogistics.com
+ 1 281 618 3292
|
CEVA - Making business
flow
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 51,000 employees are dedicated to
delivering effective and robust supply chain
solutions across a variety of sectors and CEVA
applies its operational expertise to provide
best-in-class services across its integrated
network, with a presence in over 170 countries. For
the year ending 31 December 2011, the Group reported
revenues of €6.9 billion. 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 2012 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.
|
|
|
Sign up to receive up to date information on all the latest developments at CEVA
|
|
|
|
|
|
|
|
|
|
|
|