Press Release

TPG hires top executives to head Logistics expansion in Central Europe

Publish Date : 29 April 2003 at 10:24 CET - Mail, Express and Logistics company TPG N.V. is pleased to announce it has hired GÜnther Thiel (50), Christian FÜrstaller (38) and Rodolphe Schoettel (41) to head the expansion of its logistics operations under the TNT Logistics brand in the Central European region, including Germany, Austria, Switzerland, Poland, Czech Republic and Hungary.

Thiel will join TPG in May. The others will start at TPG within a few months.

GÜnther Thiel is the founder of Luxembourg-based Thiel Logistik. As chairman of the company he led Thiel Logistik's successful growth over the past decade to become one of the major logistics services providers in Europe, with 11,000 staff and 2002 revenues of almost EUR 1.5 billion. Thiel recently resigned as chairman of Thiel Logistik. Christian FÜrstaller and Rodolphe Schoettel were previously Chief Operating Officer and Chief Financial Officer, respectively, in Thiel Logistik.

Peter Bakker, CEO of TPG, commented: "We are delighted to strengthen our Logistics executive management team with three people with an unrivalled track record and experience in the industry. Their entrepreneurial spirit and sound knowledge of the logistics sector in Central Europe will position us excellently for the expansion in this key region."

Page publication date: 29 April 2003 at 10:24 CET