CEVA Logistics announces new Chief Financial Officer

Hoofddorp, the Netherlands, 24 August, 2015 – CEVA Logistics, one of the world’s leading non‐asset based supply chain management companies, today announced that Arjan Kaaks has been appointed its Chief Financial Officer.  CEVA’s current Chief Financial Officer, Rubin McDougal, is retiring and will remain with the company to facilitate a seamless transition to the new CFO over the next few months.

Kaaks joined the company today and reports to Xavier Urbain, CEVA’s Chief Executive Officer.  

Kaaks joins CEVA from Maxeda DIY Group, a Benelux private equity-owned company focused on the do-it-yourself retail market, where he was Chief Financial Officer and a member of the company’s Executive Board.  His prior experience includes Chief Operating Officer and Chief Financial Officer of O’Neill Group, the sports lifestyle brand, and Chief Financial Officer of Royal Grolsch, the well-known brewing company based in Holland.  Kaaks worked in various Finance positions, including supply chain, of increasing responsibility at global consumer market leader Unilever over a 12 year period.  Kaaks received an MA in Economics and Finance from Groningen University.  

“I am so pleased to have an executive with Arjan’s breadth of experience – spanning Finance leadership in mid-sized entrepreneurial companies to extensive experience in a large global corporation – to join CEVA in the CFO role,” said Xavier Urbain.  “Arjan is an operationally and commercially-focused CFO, driven to create enduring value for our customers, employees and investors. He is a strong addition to our management team.   I also want to acknowledge Rubin McDougal’s numerous contributions to CEVA over his six years with the company.  He has played a key role in leading the company through global economic challenges. We thank Rubin for his dedication to CEVA’s success and wish him the very best.”

“This is an exciting time to be joining CEVA,” Arjan Kaaks stated.  “The company has started to execute its renewed strategy and progress is becoming visible.  We have a strong foundation to build upon as we continue our focus on driving sustainable topline growth and productivity improvements. I am thrilled to join CEVA’s community and leadership team, and to work together to achieve our ambitions.” 

 

For more information, please contact:    

Kay Hart, Senior Vice President Global Communications, CEVA
Kay.hart@cevalogistics.com 
+1 281 618 3292

Pilot Marketing
Derek Jones dj@pilotmarketing.co.uk
Or
Cathy Howe ch@pilotmarketing.co.uk

London, UK
+44 20 8941 5381


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 42,000 employees in more than 170 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 2015 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.