AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.

P&O Nedlloyd merger: now the work begins. (P and O Nedlloyd Container Line)(includes related article on CEO Tim Harris)

American Shipper

| November 01, 1996 | Damas, Philip | COPYRIGHT 1990 Howard Publications, Inc. (Hide copyright information)Copyright

Senior executives appointed, committees begin meeting. But Harris says there's no rush to choose between alliances.

Tim Harris, newly appointed chief executive officer of what will become P&O Nedlloyd Container Line, aims to complete the merger process by the end of the year.

The merger plan was announced on Sept. 9, but Harris already has set up several committees of senior executives from P&O Containers and Nedlloyd to meet the tight deadline.

In an interview, Harris described the merger as "significant" -- not least because it is a cross-border merger between U.K.-based P&O and Netherlands-based Nedlloyd, the largest carriers based in their countries.

Cross-border mergers, he said, "are not easy."

Mergers aren't new to Harris, though. In 1988, he brought together two major cruise shipping companies: Princess Cruises and Sitmar Cruises. This merger also had an international character because the crews of Princess were mainly British and those of Sitmar were Italian, he said.

Appointments. Harris has made senior management appointments for the future P&O Nedlloyd Container Line business.

P&O's Mike Seymour was named head of the Europe/Asia trade division, which will be the largest within P&O Nedlloyd. P&O's …

Related articles from newspapers, magazines, journals, and more
P&O Nedlloyd chooses Grand Alliance. (P&O Nedlloyd Container Line)
Magazine article from: American Shipper Damas, Philip August 1, 1997 700+ words
P&O Nedlloyd records post-merger loss. (P&O Nedlloyd Container Line)
Magazine article from: American Shipper July 1, 1997 700+ words
P&O Nedlloyd container line.
Magazine article from: Traffic World November 10, 2003 700+ words
A pivotal year for P&O Nedlloyd. (Container Shipping).
Magazine article from: JoC Week Dupin, Chris January 13, 2003 700+ words
New king of the seas: Maersk's P&O Nedlloyd buyout will reshape industry as...
Magazine article from: Traffic World Leach, Peter T. May 23, 2005 700+ words
©2013 Gale, a part of Cengage Learning. All rights reserved. Contact us | Privacy policy | Terms and conditions

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily