Press Release


TNT and CFO agree on departure

Publish Date : 19 September 2005 at 08:00 CET - Amsterdam, TNT N.V. announced today that the company and its Chief Financial Officer (CFO), Mr. Jan Haars, have amicably agreed upon his resignation as statutory director and CFO. The Supervisory Board and the Board of Management of TNT would like to thank Mr. Haars for his contribution to the company. Mr. Haars (53) joined TNT as CFO in August 2002.

In accordance with his contractual arrangements a severance payment will be made to Mr. Haars of Euro 1,000,000 gross, which amount is to be increased with a severance amount relating to his bonus. Furthermore a pension contribution of Euro 360,210 gross will be made in settlement of existing contractual obligations.

During Haars' tenure, TNT has won the Dutch Henri Sijthoff prize for the best annual report (2003) and came top in its business sector for investor relations in the 2005 Thomson Extel pan-European survey.

Mr. Haars plans to leave no later than the end of the first quarter of 2006 or earlier, subject to the timing of the recruitment of his successor.

With its two brands TNT and Royal TPG Post, TNT N.V. is a global provider of mail, express and logistics services. The group employs over 161,000 people in 63 countries and serves over 200 countries. For 2004 the company reported sales of € 12.6 billion. TNT N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt.

Page publication date: 19 September 2005 at 08:00 CET