Dec 9 (Reuters) - Troubled logistics company UTi Worldwide Inc said Chief Executive Eric Kirchner had resigned and Edward Feitzinger would replace him, effective immediately.
given management turnover: Executive vice president of global operations Edward Feitzinger took the helm Monday after CEO Eric Kirchner resigned. We are maintaining our fair value estimate and narrow economic moat rating. Excluding foreign exchange, gross
Dec 8 (Reuters) - Logistics company UTi Worldwide Inc said Chief Executive Eric Kirchner has resigned and named Edward Feitzinger as CEO effective immediately.
transition is consistent with the firm's broader restructuring initiatives in recent years--recall UTi appointed current CEO Eric Kirchner to replace founder Roger MacFarlane in 2009. Additionally, Rodick's background and experience appear to be a decent fit
Management indicated some clients have shifted modes from air to ocean, and cited the automotive market in particular. CEO Eric Kirchner suggested the cost differential is similar to last year (it's still 10 times more expensive to ship by air), and indicated
too, and we're mostly encouraged by the firm's progress on its myriad and necessary operational initiatives that CEO Eric Kirchner escalated upon his arrival in early 2009. Ocean freight volume expanded 2% despite the inclusion of the Chinese New Year
value estimate. Our key takeaway from the quarter is that UTi continues to make progress in implementing the new systems CEO Eric Kirchner and CFO Lawrence Samuels have identified as critical to integrating the firm's disparate operations and to consolidating
plans executed to completion. The early completion of the financial system implementation increases our confidence that CEO Eric Kirchner can achieve his restructuring objectives on the timeline he has identified (the next 24 months or so). Near term, we
and distribution). UTi has hired or identified leaders of three of these four divisions during the past six months. CEO Eric Kirchner cited several examples of low-hanging margin-improvement fruit UTi is harvesting. Case in point this quarter: UTi announced
UTi UTIW announced that Eric Kirchner will assume the role of CEO starting January 2009. This change at the helm is no surprise, since the firm last year announced