Business News
CEVA Logistics Integrates Businesses Worldwide
2008-07-17 04:02:00
Group Leadership Structure Re-aligned
Four Regional Presidents to Drive Growth
CEO John Pattullo: "This Will Bring us Even Closer to Customers."
HOOFDDORP, The Netherlands, July 17 /EMWNews/ -- 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.
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