CEVA Names Peter Levesque Senior Vice President of New Business Unit - ILS
17 March 2008 - 13:17 CET
HOOFDDORP, March 17 - CEVA Logistics, one of the leading supply chain companies in the world, today announced the appointment of Peter Levesque to the position of Senior Vice President of the newly created business unit International Logistics Solutions - ILS. ILS provides core competency in ocean consolidation and purchase order management and complements CEVA's core services with end to end solutions. Peter will lead all origin management related activities across the Asia Pacific region. The ILS Business Unit for Asia Pacific will be headquartered in Hong Kong.
Peter has over 19 years of international transportation and logistics experience and has been working in Asia since 1996. Prior to joining CEVA, Peter served as Regional Vice President for DHL's International Supply Chain Group for Asia Pacific. In 2000 he co-founded V-Logic Limited, a niche 3PL company based in Hong Kong. Before that, he held several management positions with American President Lines (APL), including Managing Director of APL Logistics for North Asia.
Peter holds a BA in Political Science from the University of Massachusetts, and an MBA from Northwestern University's J.L. Kellogg Graduate School of Management. He has also served as Adjunct Professor of Entrepreneurship for the Kellogg - HKUST MBA program, and the Hong Kong University of Science and Technology's MBA program. "I am looking forward to working with CEVA's ILS management team in providing a customer intimate logistics product, that our clients will embrace, and that the industry will admire", said Peter following his appointment.
Bill Aldridge, Executive Vice President ILS explained Peter's role. "Peter will focus on expanding and developing our existing assets, infrastructure and solution sets throughout Asia Pacific. These are essential to the successful deployment and ongoing execution of the ILS platform. Our mission in is to develop into a leading force in the market and Peter will be very important in helping CEVA to provide the services that ILS can offer. We are excited to have him on board to lead our efforts in this key region."
For more information, please contact:
Paula Satink
Senior Public Relations
+31 23 568 3492
Paula.Satink@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.
