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CEVA Logistics appoints Rubin McDougal as Chief Finance Officer

03 June 2009 - 11:26 CET

Amsterdam, Netherlands, 03 June 2009 - CEVA Logistics, a leading global supply chain management company, has today announced the appointment of Rubin J McDougal as Chief Finance Officer. McDougal joins CEVA from Case New Holland (CNH), where he currently holds the role of CFO and will be joining CEVA on 23 June, 2009.

McDougal has over 26 years of finance experience that includes operational finance, management and public company CFO roles. Prior to joining CNH in 2006, McDougal spent 23 years of his career within the Whirlpool Corporation in a variety of financial and strategic roles across the globe, culminating in a two year position as Vice President Finance for the North American Region.

"We are thrilled that Rubin is joining the team," explains John Pattullo, CEO, CEVA Logistics. "He brings exceptional skills as a global finance leader, which will be vital for CEVA as we enhance our Finance functional capability."

McDougal will be relocating from the USA with his family and be based from CEVA's head office in Hoofddorp, the Netherlands.

For more information please contact:

Rebecca Salt
Group Director of Marketing & Communications
+44 7795314010
rebecca.salt@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 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 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.