SecurLog

Logistics Expert Jürn Schmidt to run SecurLog

    Düsseldorf (ots) -

    - Key restructuring milestones met
    - Company growth prospects boosted by multitude of big new
        customers
    - Schmidt: "My job is to make sure SecurLog remains successful,
        and expands its market position."

    Cash and securities handling company

    SecurLog has a new CEO. Jürn Schmidt, 46, will take up the reins at SecurLog on 15 September. SecurLog operates throughout Germany and has about 3,000 staff. Schmidt, a Freight Forwarding Manager and Industrial Engineer, will take over from restructuring expert Dr. Michael F. Keppel, a Senior Director of Alvarez & Marsal, who has been filling this position on an interim basis. Keppel will stay on as SecurLog's Chief Restructuring Officer (CRO) during the handover period, which is expected to last until the end of the year. The company has thus filled the key position in its new executive structure. Further senior level appointments will be announced shortly.

    "With Jürn Schmidt, we have been able to recruit an exceptional manager from the transport und logistics industry - and one with many years of executive experience, particularly in the field of sales and process improvement. The handover period will guarantee the necessary continuity at SecurLog, so we can keep winning new customers, and growing the business," Keppel said.

    In the past few months, Alvarez & Marsal has hit a series of milestones at SecurLog: the stable, long-term ownership structure and the company's well-motivated workforce will help make SecurLog the leading cash and securities handling company in Germany. A number of lucrative recent orders - such as Deutsche Post, Postbank and Ihr Platz - show that SecurLog is on the right track. SecurLog's safe and efficient cash handling process, and its extensive network, are increasingly valued by customers in the banking and retail sectors.

    "I am keen to take up the challenge at SecurLog and want to work with the current workforce to keep this company moving forward. SecurLog offers a comprehensive nationwide service for clients from the financial services and retail sectors. Looking at the recent successes of SecurLog, I am confident we will be able to keep growing market share," Jürn Schmidt said.

    Jürn Schmidt has more than 15 years of management and board level experience in the freight and logistics industry. He was a member of the management board of Kühne & Nagel AG Deutschland, CEO of Hangartner AG in Switzerland, and chairman of the board of Birkart Globistics AG.

    Schmidt also spent a number of years as a partner at a corporate consultancy, where he successfully advised various industrial and logistics companies on their strategic repositioning.

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ots Originaltext: SecurLog
Internet: www.presseportal.ch

Contact:
Mirko Wollrab
CNC - Communications & Network Consulting AG
Tel.:    +49(0)69 5060 375 62
Mobile: +49(0)172 673 3826
E-Mail:  mirko.wollrab@cnc-communications.com



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