TNT Express Chief Quits

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 24, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    TNT Express Chief Quits - Smart Money

    Marie-Christine Lombard, a transport industry veteran of nearly 20 years, is quitting TNT Express NV as the company's merger with United Parcel Service Inc. remains bogged down in a protracted antitrust investigation.

    Before the UPS deal was announced, Ms. Lombard had faced pressure from disgruntled shareholders over the company's performance and strategy, arguing that the company should review its options to be acquired. Last year, TNT Express separated from Dutch postal operator PostNL NV following pressure from shareholders, paving the way for a takeover of TNT.