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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 This material may not be published, broadcast, rewritten or redistributed.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 62 233 7,507
MORTGAGES 83 296 9,440
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 211 546 16,773
BANKRUPTCIES 62 185 6,170
BUSINESS LICENSES 37 96 2,784
UTILITY CONNECTIONS 112 304 8,967
MARRIAGE LICENSES 26 96 2,045

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