Kirchner resigns at UTi Worldwide
20 / 03 / 2015
Eric Kirchner has resigned as chief executive of US-based logistics provider UTi Worldwide. Edward Feitzinger was voted by the UTi board as Kirchner’s successor. The move comes a few days after Scandinavia-based logistics company DSV confirmed that it had ended talks about a potential acquisition of UTi. Feitzinger has been with the UTi Worldwide since 2010 and served as executive vice president-global operations since 2012 and previously as executive vice president-global contract logistics and distribution. He co-founded Golden Gate Logistics in 2006 and has held senior positions at Hewlett Packard and logistics operator Menlo Worldwide. UTi chairman Roger MacFarlane said: "We are thankful for Eric’s leadership over the past six years through the company’s business transformation and wish him well. We are pleased to announce that Ed Feitzinger will be taking over as chief executive and providing the leadership necessary for UTi to realize its full potential. “Ed’s years of experience in the supply chain industry in combination with his proven success leading UTi’s contract logistics and distribution business make him the right choice to lead the company." In its statement last week, DSV said: “The board of directors of DSV has become aware that Bloomberg has published an article stating that DSV and UTi Worldwide have been evaluating the possibilities to enter into an agreement concerning DSV’s acquisition of UTi Worldwide.” The statement confirmed that DSV made the first approach and that the two companies “conducted certain discussions” concerning DSV’s potential acquisition of UTi Worldwide. DSV added that there are “no current discussions” with UTi. In its statement, issued at the same time, UTi said: “Although UTi can confirm that exploratory conversations have taken place between the companies, in response to an inquiry from DSV, those discussions never progressed beyond a preliminary stage. “Currently there are no discussions taking place between the companies.” Did you find this article of interest, if so why not register for a FREE digital subscription to Air Cargo News? – Find out more |
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