TNT say goodbye to CFO Bernard Bot

TNT Express has recently announced its start in finding a replacement for Bernard Bot, Chief Financial Officer. The search will begin as it surfaced that Bot, who acted as Chief Executive from October 2012 until June 2013, said he will not be taking part in the re-election within the CFO position at the Annual General Meeting, held at TNT's headquarters outside of Amsterdam next week.

Prior to joining TNT in 2005, Bot previously worked for McKinsey & Company for 13 years. It was here that he acted in serving their clients in regards to the post, logistics and transport sectors.

Bernard Bot

Bot joined TNT as Group Director of Business Control, then becoming acting CFO from August 2010 through to the company's de-merger in 2011.

Following the independence of TNT's postal side, which became PostNL, Bot was made CFO of the Express side. Bot was deeply involved in the ongoing business plan that prepared to improve and develop the company's financial performance at TNT Express; this comes as a follow up to the previous conflicts it had faced since the decision to de-merge.

Bot also stood in as interim Chief Executive at TNT Express when CEO Marie-Christine Lombard decided to leave the company. Lombard's decision came as a surprise to the company; her decision to move on was said to have been due to an anticipated takeover of the company by UPS. However, this takeover subsequently fell through and did not take place. Bot's takeover remained until CEO Tex Gunning replaced him in June 2013.

Chairman of the Supervisory Board, Antony Burgmans, said: "Bernard played an important role in the development of TNT Express. He built a strong global finance organisation and initiated the turnaround of the company through the Deliver! programme. For this, he deserves our gratitude and we wish Bernard all the best for the future."

While TNT Express has began to look for his successor, it is yet to be confirmed when Bot's departure date will be.