HK's Modern Terminals appoints Vivian Tso as chief financial officer
HONG KONG port operator Modern Terminals Limited has appointed Vivian Tso, former group general manager of finance for the Zuellig Group, as MTL's chief financial officer.
Ms Tso has extensive experience in strategic development, joint ventures, acquisitions, shareholder communications and international business management, said the company statement announcing her appointment.
Before joining MTL, she also served as CFO in Shinwa International Holdings Limited. In 2001, she was a founder and CFO of BtNAccess (HK) Ltd, now PCCW Global. Before 2000, she played finance management roles with units of General Electric (GE).
Ms Tso holds a bachelor of science degree in business administration-accounting from San Jose State University of California.
Sigmund Rismyhr to join ISS as new Central America general manager
INCHCAPE Shipping Services (ISS), a global maritime services provider, has named Sigmund Rismyhr as its new general manager for Central America, who will exploit opportunities from the Panama Canal expansion.
In his new role he will also be responsible for growing the company's presence in the developing nations of Belize, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.
Mr Rismyhr began his career in the shipping industry with Barber Lines in 1972. Since then he has gained extensive shipping and logistics experience working in managerial roles around the world, particularly in Asia, the US and South America. His roles have included managing director for a global logistics company and most recently as executive vice president for a major agency in Panama, where he has been based since 2007, a company statement said.
Said ISS Latin America vice president Jaime Otero: "Sigmund brings a combination of global expertise and extensive regional knowledge, which will lead to the development of ISS operations across the region and I look forward to seeing his plans progress."
DB Schenker Logistics opens new hub in Belgium to enhance Euro links
DB Schenker Logistics is expanding its presence in Belgium by opening a new EUR13 million (US$17.2 million) logistics centre in Zwevegem, 40 kilometres west of Brussels to provide the provinces of Hainault and East and West Flanders a faster connections to European and global markets.
"With 40 regular scheduled transports daily, we connect the Flanders region quickly and reliably to all destinations in Europe," said Zwevegem facility chief Pascal Duhamel.
The company said the new facility offers optimum infrastructure for national and international land transport. Over 70 bays can accommodate a variety of vehicles, ranging from delivery vans for local transport to standard trucks and wide-bodied vehicles, reports the UK's Transport Intelligence.
A dedicated daily shuttle transports export consignments to the airport in Brussels and picks up imported goods for the region, which are distributed the next morning. An on-site air freight team logs the consignments electronically.
Some 120 DB Schenker staff, who previously worked 10 kilometres away at two sites in Waregem, were transferred to the new cross-dock terminal.
"With over 5,000 square metres of space for operations and 2,900 square metres of office space, the new facility provides optimum conditions for high quality services and future growth," said country manager Ulrich Ptz.
CEVA Logistics CEO Pattullo retires, chairman Schlanger to take over
NETHERLANDS-based CEVA Logistics has announced the retirement of its CEO John Pattullo, who will remain on the board, and is to be replaced by company chairman Marvin Schlanger.
Said Mr Schlanger: "When John came to CEVA, he expressed his expectation of staying five years. Under his leadership, the integration of TNT Logistics and EGL was successfully executed and the end to end operating model developed.
"All this allowed CEVA to serve customers better and to grow faster than the market. We thank John for his strong leadership, and look forward to his continued guidance as a member of our board," Mr Schlanger.
Mr Pattullo took the reins at CEVA five years ago following Apollo's buyout of the former Eagle Global Logistics, which was combined with its previous acquisition of TNT Logistics to form CEVA.
During his tenure, CEVA became the sixth largest outsourced logistics provider in the world, based on revenue, which came to US$9.6 billion in 2011. CEVA is the 10th largest ocean forwarder by some estimates and its recent deal to manage ocean freight for Heinz Co could soon take it to seventh or eighth place in the ocean rankings.
The company is rapidly growing in China, where it draws annual revenues of US$1.2 billion. But the sluggish global economy and the company's high debt load from the Apollo acquisitions have kept profits down. CEVA reported an $88.5 million loss in the second quarter, which it attributed to weak transpacific volume and the recession in Europe.
TNT Express CEO Marie-Christine Lombard resigns ahead of UPS buyout
THE CEO of TNT Express, Marie-Christine Lombard, has resigned before the expected UPS acquisition, and chief financial officer Bernard Bot will temporarily take over the post.
Chairman of TNT Express' supervisory board Antony Burgmans said the company regrets Ms Lombard's departure. "We thank Marie-Christine for her contributions and wish her well for the future," he said.
TNT Express said the EUR5.16 billion (US$6.66 billion) UPS acquisition will continue as planned, reported Atlanta-area Air Cargo World. "This development has no bearing on the intended merger with UPS, which we expect to complete in early 2013," Mr Burgmans said in a statement.
"Moreover, the underlying business remains robust and continues to be well managed by an experienced management board. We have complete confidence in Bernard's ability to lead the business and to see through the merger with UPS."
But UPS said earlier in September that European Union's antitrust investigation is likely to prolong the completion of the deal, which was set to be settled in the fourth quarter of 2012.