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            may 25, 2019

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TNT Express CEO Marie-Christine Lombard resigns


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, according to the Shipping Gazette. 

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