CEVA promotes Jérôme Lorrain to COO Freight Management

Michael O'Donoghue to take over as head of North America cluster

Hoofddorp, the Netherlands, 22 November 2017 – CEVA Logistics, one of the world’s leading supply chain management companies, has announced that Jérôme Lorrain has been promoted to Chief Operating Officer Freight Management adding the responsibility for Air and Ocean Freight to his current position as head of the ground business line. Lorrain will continue to serve on the company's Executive Board and takes over the air and ocean role from Helmut Kaspers who has left the company.

Michael O'Donoghue, currently Managing Director of the UK, Ireland and Nordics cluster, will be taking up the reins as Managing Director for North America from Lorrain as of 1 January, 2018.  A replacement for O'Donoghue's current role will be announced in due course. 

"I would like to congratulate Jérôme and Michael on their well-deserved promotions.  They are two exceptional individuals with wide-ranging business skills which make them ideally suited to their new roles," states CEVA CEO, Xavier Urbain.  "At the same time I would like to thank Helmut Kaspers for his contribution to CEVA’s transformation and wish him well in his new endeavors".

French national Lorrain has extensive knowledge of the supply chain, logistics and transport industries in almost every market sector.  Before joining CEVA, he was Chief Executive Officer of Wallenborn Transports in Luxembourg from May 2009 to May 2014 and prior to that worked at Kuehne + Nagel for nearly a decade beginning in 2000 in senior executive positions across the world. Lorrain will continue to be based in Houston, Texas in the near term.

Michael O'Donoghue joined CEVA in 2010 following a 25 year career in the freight and logistics industry which included senior management positions in both Contract Logistics and Freight Management for other major players such as DHL and Excel.  Under his leadership, the UK, Ireland and Nordics has developed into a very strong cluster, winning a number of blue chip customers with a strong focus on operational excellence and customer service. O’Donoghue will be based from the company's North America head office in Houston, Texas.


For more information contact:

Cathy Howe
Pilot Marketing
ch@pilotmarketing.co.uk
T: +44 (0)208 941 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 41,000 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 2017 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.