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Science 2012-06-29

SBS Worldwide appoints Don Colter as Vice President of Finance

Global transportation provider SBS Worldwide has appointed Certified Public Accountant Don Colter as Vice President of Finance, USA.

ATLANTA, GA, June 29, 2012

Global transportation provider SBS Worldwide has appointed Certified Public Accountant Don Colter as Vice President of Finance, USA.

In his new role, Mr. Colter is tasked with strengthening the financial function of the company's US business to support its expanding service offering and new business opportunities in existing and target industry verticals.

He will be based at SBS Worldwide's Atlanta Corporate Headquarter office and will report directly to USA Managing Director Lars Kloch.

Mr. Kloch said: "I would personally like to welcome Don to the SBS Worldwide team. He will play a key role in implementing our global financial business plan and ensuring that we meet our financial and growth targets for the US.

"Don has proven leadership abilities with a track record of developing and executing financial strategies that support company's business plans as well as developing, monitoring and improving internal controls and procedures to ensure consistent company performance."

In total, Mr. Colter has almost 30 years' experience in the services industry - including logistics and supply chain services - and over twenty years' experience in financial management.
He is a certified public accountant and has held a variety of financial and operational roles. Additionally, he has a broad range of experience in Mergers and Acquisitions and has Initial Public Offering experience.

Recently, Mr. Colter worked for a leading global logistics company - under his financial and operational leadership the company grew from US$14 million in gross revenue to over US$230 million in gross revenue in a five-year period.

He is married with two children and in his spare time enjoys various sporting activities as well as coaching youth sports teams.

About SBS Worldwide
SBS Worldwide offers global freight forwarding and supply chain solutions to clients around the world. It has an established reputation for reliability, innovation and leading-edge solutions, helping to drive costs out of its customers' international supply chains. SBS's consultancy division, Virtualized Logistics, offers clients an in-depth review of their supply chains as well as state of the art visibility systems and management information. A privately-owned British company set up nearly 30 years ago, SBS Worldwide is headquartered in the UK, has offices across the US and China and has partners throughout the world. SBS Worldwide was named Freight Forwarder of the Year at IFW's Freight Industry Awards 2010 and won the BIFA Ocean Freight Award in the same year. SBS Worldwide also recently won the 2011 BIFA Supply Chain Management Award.
Mission Statement
'SBS Worldwide's central tenet is to ensure that its operations provide the highest quality of Freight and Supply Chain services throughout our privately owned company.

We will ensure that our customers' expectations will be delivered by providing the highest quality of service appropriate for each market segment served through our focused business units.

We will develop mutually rewarding relationships with our employees, partners and suppliers beyond their expectations.
Safety and compliance is the first consideration in all our operations.

All of our corporate activities will be conducted to the highest ethical and professional standards.'