CEVA announces CEO change to take effect in January 2014

By Jeff Berman, Group News Editor
November 15, 2013 - LM Editorial

A change is coming at the top for global third-party logistics (3PL) services provider CEVA Logistics. The Netherlands-based company said today that CEO Marv Schlanger will retire on January 2, 2014 and will be replaced by Xavier Urbain, a former executive at Kuehne+Nagel, a global 3PL.

Upon his retirement from CEO in January, CEVA said Schanger will resume his position as non-executive Chairman of the Board at CEVA.

Urbain brings a deep experience base to CEVA, having previously served on the Management Board and Board of Directors and in several senior executive positions at Kuehne + Nagel and as CEO of ACR Logistics. CEVA also said that in addition to his role as CEO, Urbain has been elected a member of the Board of Directors, effective January 2, 2014, and will work out of the company’s headquarters in Hoofddorp, the Netherlands.

During his tenure as CEO of CEVA, Schlanger has led the company as it had to in some ways rebuild its financial foundation.

“This time last year, we announced a cost reduction program, taking $100 million Euros ($137.8 million U.S.) of costs out of the company in the fourth quarter of 2012 and the first quarter of 2013,” he said last month at a company-hosted media event at the Council of Supply Chain Management Professionals Annual Conference in Denver. “We also announced the recapitalization of the company, where we rebuilt the balance sheet by eliminating $1.3 billion Euros of debt ($1.7 billion U.S.) and receiving receive a capital infusion of a minimum of $301 million ($230 million euros) for investment in its business plan. That was very significant and important in order to build a strong financial future for CEVA.”

With a healthier balance sheet intact, Schlanger said CEVA is now able to focus on growth for its customers, bringing in new services and investments to help support their business, which is being reflected in recent customer wins with large shippers, including Ford, Michelin, and IBM, among others.

Schlanger was appointed Chairman of CEVA in 2009 and he was named CEO of CEVA in October 2012, replacing John Pattullo who is in the CEVA Board of Directors. In September he assumed a role of President Americas ad interim. Schlanger was originally with Mobil and joined ARCO Chemical Company in 1975, becoming Chief Financial Officer and a member of the Board of Directors in 1989, according to his bio on the CEVA Web site.

“When I assumed the leadership position at CEVA, I had a number of immediate priorities to position the company for success in the future,” Schlanger said in a statement. “I am pleased with our progress and the accomplishments of the management and employees of CEVA, and 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 of Directors as we execute CEVA’s business plan.”



About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The dark side of the “Amazon effect” and larger impact made by the explosive growth in e-commerce may soon be seen when organized labor prepares of a massive air cargo strike.

During this webcast our panelist offer logistics and supply chain professionals a “reality check” when it comes to our current state of understanding, adoption, and utilization of the technological tools that are available to improve our operations.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.7 in April (a level of 50 or higher indicates growth), which was up 1.2 percent compared to March, with economic activity in the non-manufacturing sector growing for the 75th consecutive month.

Total gross first quarter revenue for XPO was up 404.4 percent annually to $3.5 billion, with net revenue up 510.5 percent to $1.6 billion. While gross and net revenue were up, the company reported a net loss of $23.2 million, or $0.21 per diluted share and an adjusted net loss attributable to common shareholders of $9.3 million or $0.08 per share.

Regardless of capacity, pricing, or the economy, trucking industry regulations are never far from the freight transportation limelight. That is especially evident when it comes to the federally mandated hours-of-service (HOS) regulations. As usual, the current state of HOS remains somewhat fluid. And the reason for that has to do with legislation coming from the Senate Transportation Appropriations legislation that is currently being considered by the Senate.

Article Topics

News · 3PL · Global Logistics · CEVA · All topics

About the Author

Jeff Berman, News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA