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VOL. 127 | NO. 187 | Tuesday, September 25, 2012

CEO of UPS Takeover Target Resigns

AP

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AMSTERDAM (AP) – Dutch express package delivery company TNT Express NV says its chief executive has resigned.

TNT is in the process of being acquired by United Parcel Service Inc. for $6.77 billion, pending negotiations with European regulators. TNT is Europe's second largest delivery company behind DHL.

Marie-Christine Lombard will quit work by the end of this month "to pursue an external career opportunity," the company said in a statement Monday.

Chief Financial Officer Bernard Bot will take her place as interim CEO, the company said.

TNT repeated it expects its takeover by UPS to be completed by early next year.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 136 5,209
MORTGAGES 79 182 6,891
FORECLOSURE NOTICES 13 50 1,606
BUILDING PERMITS 328 328 12,307
BANKRUPTCIES 70 175 5,475
BUSINESS LICENSES 30 58 2,119
UTILITY CONNECTIONS 85 182 7,240
MARRIAGE LICENSES 19 43 1,501

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