CEVA Contract Logistics appoints new UK Managing Director
12 June 2008 - 10:12 CET
ASHBY DE LA ZOUCH, 12 June 2008 - CEVA Logistics, a leading global supply chain management company, announces that Nick Cullen has joined the company as its new Managing Director of CEVA Contract Logistics UK and Ireland.Prior to joining CEVA, Nick Cullen was the Chief Business Development Officer, EMEA within the DHL Supply Chain organisation. Previously he worked for several years with Gap Inc, in San Francisco where he was Chief Supply Chain Officer during the transformation of this $16 Billion revenue fashion company. He joined Gap after a career with Diageo plc, where he held several senior UK based positions and ultimately President, North America Supply Chain of this beer, wine and spirits company located in the USA. Prior to this he worked for Courage, Heinz and Mars.
"I am delighted to join CEVA Logistics and I look forward to leading our experienced UK team. CEVA's global revenue growth during the second half of 2007 came partly from cross-selling between our core businesses of Logistics and Freight Management. We will continue to focus on these opportunities with our existing and new customers to deliver logistics excellence .Our target is to develop existing and new business opportunities in order for our UK business to reach its true growth potential," says Nick Cullen.
Bruno Sidler, Chief Operating Officer, CEVA, says: "We are delighted to welcome Nick to the team. CEVA's vision is based on three strategic imperatives - Excellence, Growth, and Unity. These are the steps the company must take to reach its destination: to become by 2010 the most admired company in the supply chain industry with revenues of €10 billion. I have every confidence that under Nick's leadership, CEVA Logistics UK and Ireland will play a major role in the success of our global business."
For more information contact:
Lindsey Randle
Communications Officer
+44 (0)1530 568709
Lindsey.Randle@cevalogistics.com
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 € 6.3 billion. For more information, please visit 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.
