HOOFDDORP, The Netherlands, July 2 /PRNewswire/ -- CEVA Logistics, one of the world's leading supply chain management companies, has today announced the appointment of Matthew Ryan in the newly created role as Chief Operating Officer. This role will focus on ensuring CEVA continues to provide industry leading operational and supply chain service excellence.
Until last year Mr Ryan was Executive VP of World Wide Operations and Logistics at Flextronics International, having spent 15 years as part of a management team that built one of the world's largest Electronics Contract Manufacturing Service companies. Since 1995, Mr Ryan held numerous operational, supply chain and customer management roles with Flextronics. As COO at CEVA, he will help galvanize and integrate all the operational, "bottom line" elements of the global business and will assume overall responsibility for the FM network, global procurement and the Global Operations team.
"Matt brings to CEVA a wealth of operational, supply chain and service focused experience with nearly 20 years in the highly competitive and dynamic environment of global electronics manufacturing and distribution. He has a well deserved reputation for establishing and leading world class, global operations - covering more than 20 countries and four continents", explained John Pattullo, CEO, CEVA Logistics.
Matt will join the company on 3 August and be based at the Company's head office in Hoofddorp, The Netherlands.
CEVA Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of euro 6.3bn. For more information, please visit www.cevalogistics.com
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:
The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's annual and quarterly reports, available on the Company's website. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
