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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 This material may not be published, broadcast, rewritten or redistributed.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 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 23 109 3,995
BUILDING PERMITS 431 872 36,714
BANKRUPTCIES 54 232 14,575
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 10 83 4,746

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