Marie-Christine Lombard to succeed Alan Jones as head of TPG Express division

The Supervisory Board of Mail, Express and Logistics company TPG is pleased to announce that Marie-Christine Lombard (45) has been appointed to head up the Express division as Group Managing Director. She currently is Managing Director of the Express business unit in France. In her new position, Lombard will be responsible for all of TPG’s worldwide Express activities and will become a member of the Board of Management. The appointment of Marie Christine Lombard will take effect per 1 January 2004 and is subject to compliance with statutory requirements.

TPG and Alan Jones have amicably agreed that Alan will depart on the 31st of December 2003. Alan joined the company in 1980 and for many years was Managing Director of TNT UK Limited. He then became a member of the Board of Management of TPG in July 1999.

In accordance with the severance agreement an amount of €0.7 million will be paid to Alan in settlement of the contractual notice period. A further €3.9 million pension obligation has been funded in settlement of an old pension claim and the contractual funding obligations during the notice period.

TPG’s CEO Peter Bakker is pleased with the change of leadership: “We thank Alan Jones for his tremendous efforts, exercised on behalf of the group over many years and are pleased to welcome Marie-Christine Lombard to the Board team. With her excellent management skills and proven track record she will be able to lead Express into a next era of profitable growth.“