CEVA announces Giuseppe Chiellino as Managing Director in Italy

(PresseBox) ( Milan, Italy, )
CEVA Logistics, a leading global supply chain management company, has appointed Giuseppe Chiellino as Managing Director for CEVA Logistics in Italy. In this role, Giuseppe will be in charge of all Contract Logistics and Freight Management activities and report to Gianfranco Sgro, CEVA's President of Southern Europe, Middle East and Africa.

Giuseppe graduated as Industrial Engineer at The Udine University in Italy, then specialized in Business Management at ISDA of Rome in 1990, and in LEAN Production at the Italian Business School Isvor of Turin in 1991. He also completed the Senior Executive Program at Business School ESADE, one of the most prestigious academic institutions in the world, in April 2009.

Gianfranco Sgro, President for CEVA in Southern Europe, Middle East and Africa, said: "I am very pleased to announce Giuseppe Chiellino's role in Italy. His broad experience in the logistics sector, strong leadership and proven capability to achieve growth and profitability targets will be crucial to the further development of our business in this country. Giuseppe has done an excellent job of integrating our two business divisions in Spain and I'm certain he will be able to support the Company in facing local market challenges and further consolidate our position in Italy."

Chiellino has significant experience in manufacturing, having worked for large global organizations such as FIAT. He has held several senior positions in CEVA, starting his career with the Group in 1998 in Brazil. In April 2007 Chiellino was appointed Managing Director of CEVA in Spain and was appointed Managing Director of CEVA Logistics in Iberia in August 2008.

Chiellino assumes the role from Carlo Rosa, who is moving to the role of EVP Marketing and Business Development for CEVA's Southern Europe, Middle East and Africa region.

SAFE HARBOR STATEMENT:

This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company's expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2011 and the other non-historical statements. These statements can be identified by the use of words such as "believes" "anticipates," "expects," "intends," "plans," "continues," "estimates," "predicts," "projects," "forecasts," and similar expressions. All forward-looking statements are based on management's current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company's global operations, fluctuations and increases in fuel prices, the Company's substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. 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, which investors are strongly encouraged to review. 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.
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