Heads new management in the 4th largest global supply chain company

    HOOFDDORP, The Netherlands and HOUSTON, Aug. 6 /PRNewswire/ -- CEVA, a
leading global supply chain management company, announces that John
Pattullo has joined the company as its new Chief Executive Officer,
effective today. Pattullo replaces Dave Kulik as CEO of the recently merged
companies, CEVA and EGL, which will now operate under the CEVA company
name. Also effective today, Kulik will now serve as Vice Chairman of the
Board of Directors of CEVA Group Plc. Prior to joining CEVA, Pattullo led
Deutsche Post/DHL's euro 7bn EMEA Contract Logistics business as Chief
Operating Officer. In addition, he led the Exel European Forwarding and
Contract Logistics business and has worked in various leadership positions
supporting Procter & Gamble's global supply chain.
    "I am very excited to come on board CEVA at a time when these two great
companies have joined forces. We have created one of the world's major
players in the global supply chain industry, supported by a talented and
experienced leadership team. CEVA has the ability now, more than ever, to
offer our customers a world-class service," said Pattullo.
    As a result of the merger of CEVA and EGL, the company will operate two
divisions, CEVA Contract Logistics and CEVA Freight Management. Both
divisions will report to Pattullo, who will lead the newly formed company,
as well as the Contract Logistics division. Joe Bento, formerly President
and CMO of EGL, will head the Freight Management division headquartered in
Houston, Texas.
    The Contract Logistics division has been regrouped into four regional
areas: Americas, led by Jerry Riordan; North Europe, led by acting
Executive Board Members Neil Crossthwaite - UK, Christian Fuerstaller -
Central & Eastern Europe, Onno Meij - Benelux; South Europe, led by
Gianfranco Sgro; and Asia Pacific, led by Vittorio Favati.
    The Freight Management division is also divided into geographic
regions: Americas, led by Sam Slater; Europe-Middle East-Africa (EMEA), led
by Bruno Sidler; and Asia Pacific led by Favati.
    On July 31, EGL shareholders voted to approve a merger agreement
between CEVA and EGL. The transaction was completed on August 2, 2007.
    About CEVA
    CEVA Logistics (formerly known as TNT Logistics) is a leading global
logistics and supply chain management company. It designs, implements and
operates complex supply chain solutions on a national, regional or global
scale for multinational and large local companies. It provides customers
with end-to-end logistics solutions spanning the entire supply chain. The
company focuses on a diverse range of market sectors including automotive,
tyres, high-tech/electronics, industrial, fast moving consumer goods
(FMCG), and publishing & media.
    CEVA employs 41,000 people and operates an extensive global network
with facilities in 25 countries worldwide, maintains 614 warehouses
globally with a combined space of approximately 6.4 million square meters.
For fiscal year 2006, CEVA reported sales of €3.5 billion. CEVA is owned by
affiliates of Apollo Management, L.P., one of the leading private equity
investors in the world.
    Per 2 August 2007 CEVA has merged with EGL. The combined company had
pro forma 2006 annual results of €6,0 billion (48% in EMEA, 32% in Americas
and 20% in AsiaPacific) with EBITDA €182.5 million and adjusted EBITDA of
€392.6 milion. It employs more than 50,000 employees and has operations in
more than 100 countries.
    For more information please visit the CEVA web site at
http://www.cevalogistics.com.
    CAUTIONARY STATEMENTS
    The statements included in this news release, and other statements that
are not historical facts, are forward-looking statements. These statements
involve risks and uncertainties including, but not limited to, market and
other conditions, the process of combining EGL and CEVA, and other factors
detailed in risk factors and elsewhere in CEVA's most recent Annual Report
and EGL's most recent Annual Report on Form 10-K and other filings with the
Securities and Exchange Commission. 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. EGL and CEVA
disclaims any intention or obligation to update publicly or revise such
statements, whether as a result of new information, future events or
otherwise. SOURCE CEVA


Web site: http://www.cevalogistics.com