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UTi Worldwide recovery hits new snag with CEO departure

2014-12-09 22:50:31| Logistics - Topix.net

Logistics services provider UTi Worldwide Inc faces a fresh snag in its attempt to return to growth with the sudden resignation of its chief executive on Monday. UTi shares posted their largest percentage fall in 10 months on Tuesday after the company reported its eighth straight quarterly loss and said Eric Kirchner, its CEO of six years, had resigned.

Tags: hits worldwide recovery ceo

 

UTi Worldwide (UTIW) Q3 2015 Results - Earnings Call Webcast

2014-12-09 18:40:55| Logistics - Topix.net

The following audio is from a conference call that will begin on December 09, 2014 at 11:00 AM ET. The audio will stream live while the call is active, and can be replayed upon its completion.

Tags: results call worldwide earnings

 
 

UTi Worldwide Reports Fiscal 2015 Third Quarter Results

2014-12-09 14:21:23| Logistics - Topix.net

Net revenues were $381.0 million, a decrease of 3.1 percent from $393.5 million. On a constant currency basis, revenues decreased 4.3 percent and net revenues increased 0.1 percent versus the comparable prior year period.

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Eric Kirchner Resigns as CEO of UTi Worldwide Inc.; Edward Feitzinger Named New CEO

2014-12-09 06:02:14| Logistics - Topix.net

UTi Worldwide Inc. today announced that Eric W. Kirchner has resigned as Chief Executive Officer and as a member of the Board of Directors of the Company. The Board has appointed Edward G. Feitzinger, 47, as CEO of the Company and elected him as a member of the board as a Class B director, effective immediately.

Tags: new worldwide named eric

 

UTi Worldwide - More To The Company Than Takeover Chatter

2014-12-06 15:13:20| Logistics - Topix.net

The story of UTi Worldwide is much more about its turnaround than the recent rumors of a takeover by Danish trucking firm, DSV A/S . Over the past 12 months UTi had made - a timely recapitalization - seen significant organic growth in its contract logistics division - carried out $50 million of companywide cost cutting with another $45 million slotted by the end of the year - and implemented a state of art freight forwarding operating system.

Tags: company worldwide chatter takeover

 

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