CEVA appoints new VP of Automotive sector in Americas region

CEVA125Houston, USA, 23 May, 2013 – CEVA Logistics, a world leading supply chain company, has appointed Jim Barnett as Vice President, Automotive sector for the Americas, effective immediately.Barnett joined CEVA in 2009 and for the last four years served as the Chief Operating Officer of CEVA’s joint venture with Anji Logistics in China, Anji-CEVA. Anji Logistics is a subsidiary company of SAIC, (Shanghai Automotive Industries Company), the market leading automotive manufacturer in China.  Anji-CEVA is the largest Automotive 3PL in China and is a leader in innovative and comprehensive supply chain solutions to a host of Automotive OEMs and suppliers in China. Barnett will be based in Detroit and brings almost 20 years of supply chain management and Automotive manufacturing experience to this role.

Prior to CEVA, Barnett was the Supply Chain Director of the General Motors (GM) Flint Manufacturing Center.  During his time there, he had responsibility for managing supply chain activity for two assembly lines that made GM’s Commercial Medium Duty Trucks and GM’s Heavy Duty Pickups, as well as responsibility for one of GM’s largest metal stamping operations. He was also the Supply Chain Director of GM’s joint venture in China, Shanghai GM.  In that position, he was responsible for growing and managing Shanghai GM’s supply chain footprint as that company went from a single assembly center producing 30,000 vehicles per year to a multi site manufacturer producing hundreds of thousands of vehicles, engines and transmissions per year.

“Jim brings to the Americas Automotive sector insight and experience which will deliver value to our customers and further position us for increased business opportunities and profitable growth,” said Cindy Cochovity, Executive Vice President of Business Development, for CEVA in the Americas.

For more information contact:

Charlotte Johnson
CEVA Media Relations, Americas

CEVA – Making business flow
CEVA Logistics, one of the world’s leading non-asset based supply-chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 50,000 employees in over 160 countries are dedicated to delivering effective and robust supply-chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com

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 2013 and beyond, 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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