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Last Update Feb 04,2015

CEVA names new CEO as old one resumes role as non-executive chairman
CEVA Logistics, a major Dutch global supply chain company, has announced that Marvin Schlanger will retire as CEO on January 2 to be succeeded by Xavier Urbain.

Mr Urbain, who also takes a seat on the board in January, has previously served on the management board and board of directors as well as in senior executive positions at Kuehne + Nagel and as CEO of ACR Logistics.

Said departing CEO Mr Schlanger: "I am excited that we have been able to recruit an executive with the background and stature of Xavier Urbain. I look forward to working with Xavier and the board as we execute CEVA's business plan."

Said Mr Urbain: "I am delighted to be joining the management team at CEVA and look forward to working with our customers and employees as we capitalise on CEVA's strengths to realise our full potential."

Mr Schlanger will resume his position as non-executive chairman, a role he first undertook in 2009.

Of his own term as CEO, Mr Schlanger said: "When I assumed the leadership position at CEVA, I had a number of immediate priorities to position the company for success in the future. I am pleased with our progress and the accomplishments of the management and employees of CEVA."


Kuehne + Nagel appoints Reinhard Schullerus head of global sales
KUEHNE + Nagel is to appoint Reinhard Schullerus as head of global sales and marketing effective January 1.

Mr Schullerus, 49, has held various regional management positions at Kuehne + Nagel and for the last decade led Integrated Logistics as senior vice president.

In his new position, Mr Schullerus will concentrate on strengthening the key account management and the sales of end-to-end solution across the group's entire logistics value chain, said a company statement.

"We are very pleased to fill this important position with a highly experienced and successful manager from our own ranks," said Kuehne + Nagel Group CEO Detlef Trefzger. "With his profound know-how and customer-oriented personality he will be able to set new impulses for the further development of our sales and marketing organisation."


Hanjin Shipping's CEO Young Min Kim resigns after continuing losses
KOREA's Hanjin Shipping has announced that its president and CEO Young Min Kim resigned yesterday to take responsibility for the company's continuing losses and delay on financial support from major creditor banks.

Hanjin Shipping comments that the company has decided to accept his resignation and seek a replacement.

Mr Kim has been president and CEO since January, 2009 and will remain acting CEO until a replacement is found.

Hanjin operates 60 liner and tramper services around the globe moving more than 100 million tonnes of cargo annually. Hanjin Shipping's fleet consists of 200 containerships, bulk and LNG carriers. It has a comprehensive global business network with four regional headquarters, 200 branch offices and 30 local corporations.


Cosco Group declares ex-chairman Capt Wei Jiafu is free to travel at will
CONTRARY to widespread reports, China Ocean Shipping Group's retired chairman Capt Wei Jiafu has not been prevented from leaving the country because of any connection with the current corruption probe, according to a company statement.

Said Cosco Group: "The company hereby clarifies the rumour that former chairman Wei Jiafu was forbidden from leaving China is groundless. The company will spare no effort to carry out authorities' plans to combat corruption."

Cosco later confirmed to the stock exchanges the investigation into Xu Minjie, chairman of Cosco Container Lines and a board member of China Cosco Holdings, the group's flagship unit listed in Shanghai and Hong Kong, but did not discuss the whereabouts of Capt Wei, said Lloyd's List.


Cosco executive director Xu resigns in probe, Capt Wei told to stay close
COSCO executive director Minjie Xu, under investigation for corruption, has resigned all his posts at China's biggest shipping line for "personal reasons", according to the parent company.

Xu is also executive vice president of China Ocean Shipping, vice chairman of China International Marine Containers Group Co and chairman of Cosco Logistics.

Former Cosco chairman Captain Wei Jiafu, who stepped down in July, has also been prevented from leaving China, the Beijing Times reported, citing unidentified company sources. This report has been posted by Xinhua.

The resignation follows Cosco's announcement that Xu was "under investigation by a relevant regulatory body", adding that it "stands firmly behind the party and the country's policy of anti-corruption investigations and [welcomes] public, news media and society at large scrutiny."

The company said it "will assess the impact of the investigation on the group from time to time based upon the development of the investigation," but did not expect a "material adverse effect".

China Cosco Holdings recently expressed confidence that it will achieve its financial goals for 2013, which would help it avoid delisting from the Shanghai Stock Exchange. The company reported losses in 2011 and 2012 because of weakness in shipping markets.

"The anti-graft efforts by the new leadership are unprecedented," said Hu Xingdou, a professor at the School of Humanities and Social Sciences at Beijing Institute of Technology.

"The investigations may help the leadership implement market-oriented reforms at state-owned enterprises that are monopolies at the moment," he told Bloomberg.


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