Tag: CEVA

CEVA Logistics integrates businesses worldwide

Posted by | Aug 19, 2008 | |

CEVA Logistics, one of the leading supply chain companies in the world, has 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.”

In recognition of its global nature and need for coordinated leadership, Joe Bento retains responsibility for the FM network to ensure cross-regional effectiveness.

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CEVA Logistics integrates businesses worldwide

Posted by | Aug 18, 2008 | |

CEVA Logistics has 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).

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.

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.

CEVA has also emphasised the critical significance of its three global sector teams covering the Automotive, Technology, and Consumer/Retail industries. These will shape sector strategy, lead product development, co-ordinate the Company’s Century (Top 100) key accounts, and act as trouble-shooters

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TNT buys stake in online pharmacy shop

Posted by | Jul 8, 2008 | |

TNT NV said it has taken a 35 percent stake in the web-shopping company Sierra Nova BV, which operates an online pharmacy website.

The website was jointly set up in January 2007 by Sierra Nova, CEVA Logistics and TNT Post, with TNT responsible for the delivery of the medicines.

Other shareholders include the Luxembourg investment company QAT Investments Sa and smaller shareholders.

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CEVA Logistics selects IT2's Treasury Management System

Posted by | Jan 21, 2008 | |

IT2 Treasury Solutions announces that CEVA Logistics, the global supply chain management company, has selected the IT2 Treasury Management System as its cash and treasury management technology solution.

CEVA combines two logistical companies, TNT Logistics and EGL Eagle Global Logistics, which merged in August 2007. CEVA employs around 52,000 people, and operates an extensive office network with facilities in 151 countries. Its sales turnover in fiscal 2006 was EUR 6 billion. CEVA is an un-listed company, owned by affiliates of Apollo Management, L.P., one of the leading private equity investors in the world.

CEVA Logistics, located in Amsterdam, the Netherlands, was divested from TNT, and was therefore without any existing treasury operation and system. CEVA’s new treasury team selected IT2 to provide a best practice solution, which will initially support FX and interest hedging, cash & liquidity management and guarantee management. IT2 will also handle CEVA’s cross currency / cross border cash pool arrangement.

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CEVA announces retirement of former CEO David Kulik

Posted by | Jan 11, 2008 | |

The Board of Directors of CEVA Group plc. announced today that David G. Kulik, CEVA’s Vice Chairman and former CEO, has advised the Company of his retirement, effective February 22nd, 2008. The Company also announced that they have entered into an agreement with Mr. Kulik wherein he will be a consultant to management as well as continue in his position as Chairman of the Board of ANJI-TNT, the joint venture between CEVA Logistics and Shanghai Automotive Industries Corporation – SAIC.

Gareth Turner, partner of Apollo Management, said “Dave has
been a leader in the global logistics industry having been the CEO of CTI
LogistX for a number of years and then with TNT as head of their Logistics
division. He led the recovery and sale of TNT Logistics and was integral in
the transformation of the company to CEVA as a portfolio company of Apollo
Management. We are also pleased that he will continue to be associated with
CEVA into the future and we thank him for his past service to the Company.”

Kulik stated, “I am extremely proud of this organization and
the success of 50,000 dedicated people in the transition to CEVA. I have been
fortunate to lead the Company during an exciting period and I am confident
that Apollo has positioned CEVA to achieve even greater levels of growth
under the leadership of our industry’s best management”.

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