» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 187 | Tuesday, September 25, 2012

CEO of UPS Takeover Target Resigns

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 218 10,440
MORTGAGES 91 293 13,620
FORECLOSURE NOTICES 0 43 2,687
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 62 184 10,076
BUSINESS LICENSES 25 62 3,798
UTILITY CONNECTIONS 90 338 14,895
MARRIAGE LICENSES 10 68 3,235

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.