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Denise Carrion appointed director Freight Management for CEVA in Brazil

31 March 2010 - 15:24 CET

Sao Paulo, Brazil, 31 March 2010 - CEVA Logistics, one of the world's leading supply chain companies has announced that Denise Carrion has been appointed Director Freight Management for CEVA in Brazil, effective 1 April 2010.

"I'm excited to take on this new role and will work hard to continue the good work of my predecessor. I intend further enhance our freight management services and will achieve results by focusing on our customers and people." remarked Carrion.

Carrion has been working with CEVA since 1995 and has held various management positions. In her most recent role, Carrion was responsible for developing the Company's Century Account program in Brazil. This program represents CEVA's top 100 accounts with major opportunities across multiple geographies and product lines.

Carrion graduated with a degree in Marketing and Advertising, specializing in Quality, at the Getulio Vargas Foundation.

Eduardo Rampani, who previously held the role, will remain with CEVA and use his extensive experience in freight management as part of a global project team focusing on operational excellence.

For more information contact:

Elisandra Casaroti
+55 11 2199-6820
elisandra.casaroti@cevalogistics.com

CEVA - Making business flow
CEVA Logistics provides world class supply chain solutions for large and medium-size national and multinational companies across the globe. As an industry leader, CEVA offers customers complete supply chain design and implementation in contract logistics and freight management, alone or in combination. CEVA's integrated global network has facilities in over 170 countries and more than 46,000 employees; all dedicated to delivering consistently excellent operations and supply chain solutions. For the year ending 31 December 2009, the Group reported revenues of €5.5 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 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.