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UTi Worldwide recovery hits new snag with CEO departure

2014-12-09 22:50:31| Logistics - Topix.net

Logistics services provider UTi Worldwide Inc faces a fresh snag in its attempt to return to growth with the sudden resignation of its chief executive on Monday. UTi shares posted their largest percentage fall in 10 months on Tuesday after the company reported its eighth straight quarterly loss and said Eric Kirchner, its CEO of six years, had resigned.

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