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AEI Names Steve Morrison Managing Director, United Kingdom

STAINES, UK (April 29, 1999) -- Solidifying its leadership role in the European integrated logistics market, AEI said today it has named Steve Morrison to the key post of Managing Director, United Kingdom.

For the past 11 years, Mr. Morrison led AEI's New Zealand operations as Managing Director. In his new position, he will be responsible for a 700-person staff and 25 offices stretching from Glasgow, Scotland, to the north, to Southampton at the southern tip of England.

Mr. Morrison, 45, succeeds Chris Buckerfield, who retired earlier this year as UK Managing Director and vice president, Europe. He will report to Sjoerd van Loon, AEI's new vice president, Europe.

Brian Broom has been named to succeed Mr. Morrison as Managing Director, New Zealand. Mr. Broom, who previously held the position at AEI as General Manager, Roadstar New Zealand, has a well-rounded commercial background both in New Zealand and in the UK.

Morrison added, "AEI has a great team in New Zealand, and I have no doubt in their ability to build on the successes we have created there. I am looking forward to my new opportunity, and I am particularly excited about the role AEI will play in shaping Europe's dynamic trade and business climate."

A 24-year veteran of the transportation logistics industry, Morrison joined AEI New Zealand in 1988 after working in the airline cargo industry with responsibility for Asia-Pacific operations. His tenure in New Zealand was marked by many accomplishments. Among them:

• Increased annual revenue more than 10-fold.
• Transformed AEI New Zealand into a diversified logistics operation by successfully managing the integration of two important acquisitions: Banner International, one of New Zealand's largest freight forwarders with a strong perishables distribution business, and Jarratt Sandes & Company, a trucking company with nationwide coverage. Today, perishables traffic accounts for 25% of AEI New Zealand's revenues.
• Pioneered the development of warehousing and distribution services throughout the AEI network. Under Morrison, New Zealand was one of the first AEI countries to offer integrated logistics services customized to the unique needs of the high-tech industry. \
• Led New Zealand to achieve quality accreditation under the ISO 9002 seriesof quality standards, becoming only the second AEI country--after the UK--to achieve this ambitious goal.