CEVA Logistics has announced that it has appointed Serge Corbel as its new Chief Financial Officer (CFO). He will start his new position as of October 15, 2018. Peter Waller, Group CFO since 2016, will pursue other career opportunities outside of the company.
In an attempt to develop its business strategy and bring the company to its next level, the Board of Directors decided that a different background and comprehensive experience in logistics was required for the role. Accommodating this, Serge Corbel has been in the logistics industry for more than 30 years and has been with CMA-CGM, a worldwide shipping group, for more than 25 years.
The appointment follows significant restructuring at CEVA after its IPO, in May 2018, and refinancing of the company’s debt. CMA-CGM, Corbel’s previous company, acquired a 25% equity stake in CEVA Logistics in connection with the IPO investing around $380m.
Working in Europe, America and Asia, Corbel was one of the financial architects who helped CMA-CGM to grow, leading several acquisitions and integrations with Neptune Orient Lines (NOL) and American President Lines (APL) being the most recent ones. During his last position at CMA-CGM, he was CFO of APL, a CMA-CGM company, based in Singapore.
Xavier Urbain, CEO of CEVA Logistics, commented on the appointment: “I would like to thank Peter Waller for his commitment and contribution which was very important to create a new chapter for the company. I am pleased to welcome Serge Corbel as our new CFO who has tremendous experience and a great track record in supporting the growth of a company.”
Source: CEVA Logistics
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