CEVA Logistics announces reorganization in South America
26 May 2009 - 15:36 CET
Sao Paulo, Brazil, 26 May 2009 - CEVA Logistics, one of the world's leading supply chain management companies, has today announced its new operating structure. The business will now operate with two large independent business units: Brazil and South America MCA (Multi Country Area). The reorganization is part of the Company's strategy to integrate the Contract Logistics and the Freight Management divisions.
Giuseppe de Vincenzo, former Managing Director of CEVA Contract Logistics South America, has been appointed Vice-President of CEVA Logistics in Brazil, overlooking the Freight Management division. Eduardo Rampani remains responsible for this business unit.
Nadia Ribeiro, former Regional Vice President FM for South America, is now Vice-President of Business Development for South America and General Manager for Multi Countries of this region.
Both Giuseppe and Nadia will be responsible for ensuring customer satisfaction while expanding operations for current customers. They will be supported by the existing teams as well as the newly founded Logistics Competency Center - created to foster agility and reduce costs.
The reorganization was implemented by Airton Gimenes who, after 29 years at Hewlett-Packard and two and a half years at Ryder, joined CEVA in November 2008 as leader for the South America region. "Brazil offers the biggest growth potential for CEVA in the American continent. We expect to achieve approximately 15% growth per year in the country within the next three years with this new structure" explains Airton.
For more information please contact:
Elisandra Casaroti
Marketing Coordinator
+55 11 3556-2566
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 management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of €6.3bn. 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 downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, 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 future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. 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 annual and quarterly reports, available on the Company's website. 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. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
