TPG replaces logistics chief
TPG, the Dutch postal group, yesterday replaced the head of its logistics business and announced restructuring costs, write-downs and impairment charges as it moved to improve the unit’s stuttering performance. David Kulik replaces Roberto Rossi as unit chief. The company also trimmed guidance for full-year net income growth to about 5 per cent, excluding pension payments and at constant exchange rates, from 5-10 per cent, reflecting continued “sluggish” economic conditions.
Read More
