All change at CEVA Logistics

By Damian Brett

CEVA Logistics has appointed a new head of airfreight and head of its European operation.

Peter Penseel will take over as the forwarder’s head of airfreight, while Peder Winther will head its European business.

At this stage it is not clear when the two will take up their new positions.

According to his LinkedIn profile, Penseel has been Qatar Cargo senior vice president cargo sales and network planning since April 2016.

Before that, he worked at DHL Global Forwarding for more than three years in a carrier management role and also spent almost eight years at UTi Worldwide in a variety of roles.

Meanwhile, Winther was global head of ocean freight at Panalpina for a year until the end of 2019, when he lost his role as part of the DSV takeover.

Previously he had worked at Kuehne+Nagel, Samskip and AP Moller Maersk.

The forwarder is in the midst of a “turnaround and transformation” programme following its takeover by French shipping group CMA CGM.

In its latest update on the plan, CMA CGM said: “A new phase in CEVA Logistics’ plan to return to profitability has been launched. The execution of this plan includes several actions, including revitalising business development, reducing costs, and modernising industrial assets and systems.

“The Covid-19 crisis has confirmed the relevance of our strategy consisting in offering complementary maritime transport and logistics services, namely CEVA Logistics’ commercial offering, particularly in terms of airfreight and warehousing.”

During the first quarter, CEVA Logistics’ revenue increased by 0.6% to $1.7bn, due primarily to the consolidation of CMA CGM’s logistics activities in May 2019.

The impact of the health crisis was partly offset by an increase in air charters linked to the outbreak and to keep customers’ supply chains moving.

Adjusted EBITDA decreased by 4.9% to $137m, representing adjusted EBITDA margin of 8%.

Earlier this week, CEVA announced its expansion in Africa through the acquisition of AMI.

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