TNT Express CEO to leave before UPS takeover closes

Mon Sep 24, 2012 2:22am EDT
 
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AMSTERDAM (Reuters) - Dutch delivery group TNT Express TNTE.AS said on Monday its chief executive would leave the company by the end of this month to pursue a different career but the takeover of TNT by U.S. rival UPS (UPS.N: Quote) would not be affected.

TNT Express repeated in a statement it expected the acquisition by UPS to be completed early next year.

TNT Express' chief financial officer, Bernard Bot, will take over as interim CEO after Marie-Christine Lombard's departure, the company said.

(Reporting by Gilbert Kreijger; Editing by Helen Massy-Beresford)