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 This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 56 235 1,199
MORTGAGES 85 309 1,628
FORECLOSURE NOTICES 0 59 356
BUILDING PERMITS 0 943 2,933
BANKRUPTCIES 68 242 1,185
BUSINESS LICENSES 31 118 512
UTILITY CONNECTIONS 53 269 1,594
MARRIAGE LICENSES 9 46 240

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