Sandy K.Y. Liu Resigns as Asia C.O.O.
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Expeditors International of Washington, Inc. (NASDAQ:EXPD), a global
logistics company, today announced that Sandy K.Y. Liu, the Company’s
Chief Operating Officer-Asia has tendered his resignation, effective
August 17, 2008. Mr. Liu is one of the Company’s
executive officers, having served in this capacity for the last seven
and one-half years. Prior to accepting the Chief Operating Officer
position, Mr. Liu had a distinguished 31-year career with Taiwan-based
China Airlines, culminating with his appointment as President of China
Airlines in 1998.
Peter J. Rose, Chairman and Chief Executive Officer, commented: "It’s
been great to have Sandy with us for the time he was here. He has always
been a positive force, both internally to our employees and externally
to our customers and service providers. Expeditors has benefited greatly
from his professionalism, his experience and, of course, from his
commitment to customer service. Sandy was an original member of our
Global Customer Service Team, and while his influence will be greatly
missed, his contributions will not be forgotten,”
concluded Mr. Rose.
"We are obviously very saddened by Sandy’s
decision,” said James L.K. Wang,
President-Asia and a member of the Company’s
Board of Directors. "We’ve
enjoyed a long association with Sandy, both as a service provider,
during his long tenure at China Airlines, and especially during the past
several years while he has served as a key member of our executive
management team. Having worked together to grow our market share and
increase our customer service capabilities in the Asian market and to
expand our Asia-to-Europe trade lane, we all share a special bond with
Sandy. He will always be remembered here as a smart guy with good,
creative ideas and excellent professional experience. We will miss his
positive attitude and his commitment to both our culture and our
customers,” added Mr. Wang.
"I treasure every moment that I have worked
at Expeditors,” Mr. Liu said. "I’ve
learned a great deal about the Company’s
unique culture and its professionalism. I have particularly enjoyed the
relationships that I have developed with my colleagues, with our
customers and with our service providers. I have pledged to both Peter
and James my active involvement in facilitating a smooth transition. I’ll
be here right up until my last day, doing the same things, in the same
way that I’ve done them at Expeditors for
that past seven and one-half years —
assisting our employees in their efforts to deliver the best customer
service in the industry,” concluded Mr. Liu.
Expeditors is a global logistics company headquartered in Seattle,
Washington. The company employs trained professionals in 179
full-service offices and 69 satellite locations and 4 international
service centers located on six continents linked into a seamless
worldwide network through an integrated information management system.
Services include air and ocean freight forwarding, vendor consolidation,
customs clearance, marine insurance, distribution and other value added
international logistics services.
Forward-Looking Statements
This document contains a forward-looking statement which is based on
certain assumptions and expectations of future events that are subject
to risks and uncertainties. Actual future results and trends may differ
materially from historical results or those projected in the
forward-looking statement depending on a variety of factors, including,
but not limited to, changes in customer demand for Expeditors’
services caused by a general economic slow-down, inventory build-up,
decreased consumer confidence, volatility in equity markets, or the
unpredictable acts of competitors.