CEVA Logistics announces new Chief Financial Officer

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CEVA Logistics, the non‐asset based supply chain management companies, has announced that Arjan Kaaks has been appointed its Chief Financial Officer. CEVA's current Chief Financial Officer, Rubin McDougal, is retiring and will remain with the company to facilitate a seamless transition to the new CFO over the next few months.

Kaaks joined the company today and reports to Xavier Urbain, CEVA's Chief Executive Officer.

Kaaks joins CEVA from Maxeda DIY Group, a Benelux private equity-owned company focused on the do-it-yourself retail market, where he was Chief Financial Officer and a member of the company's Executive Board. His prior experience includes Chief Operating Officer and Chief Financial Officer of O'Neill Group, the sports lifestyle brand, and Chief Financial Officer of Royal Grolsch, the well-known brewing company based in Holland. Kaaks worked in various Finance positions, including supply chain, of increasing responsibility at global consumer market leader Unilever over a 12 year period. Kaaks received an MA in Economics and Finance from Groningen University.

"I am so pleased to have an executive with Arjan's breadth of experience – spanning Finance leadership in mid-sized entrepreneurial companies to extensive experience in a large global corporation – to join CEVA in the CFO role," said Xavier Urbain. "Arjan is an operationally and commercially-focused CFO, driven to create enduring value for our customers, employees and investors. He is a strong addition to our management team. I also want to acknowledge Rubin McDougal's numerous contributions to CEVA over his six years with the company. He has played a key role in leading the company through global economic challenges. We thank Rubin for his dedication to CEVA's success and wish him the very best."

"This is an exciting time to be joining CEVA," Arjan Kaaks stated. "The company has started to execute its renewed strategy and progress is becoming visible. We have a strong foundation to build upon as we continue our focus on driving sustainable topline growth and productivity improvements. I am thrilled to join CEVA's community and leadership team, and to work together to achieve our ambitions."

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