Global freight forwarding, supply chain and technology company EV Cargo is targeting more than $3 billion in annual revenue by 2025.
With an active pipeline of acquisition candidates and well-developed M&A capabilities, EV Cargo plans to build on its existing geographic footprint in Asia and Europe, as well as expand into the USA.
Following several recent appointments, including Virginia Alzina as Chief Sustainability Officer and board directors Gary Edwards and Rupert Myer, industry veteran Paul Coutts will join EV Cargo as COO on 1 September 2021.
Coutts joins from Singapore Post, where as Group CEO he has overseen the transformation of the 160-year-old Singapore listed company into an innovative global business and pioneer in eCommerce logistics.
EV Cargo has also announced several internal promotions.
Michael Conroy, CEO of EV Cargo’s Palletforce Express Division for the past 13 years, has been appointed CEO of EV Cargo UK, a newly created role.
Conroy has managed and overseen over $140 million worth of investment from EmergeVest and grown the earnings tenfold to be the clear market leader.
Heath Zarin, Founder and CEO of EV Cargo, said: “EV Cargo is on target to surpass $1.5 billion of annual revenue and continues to provide excellent service to our customers during an incredibly challenging time for global supply chains.
“Thanks to years of hard work by some of the brightest people I have ever worked with, EV Cargo enters this next phase of development from a position of strength, as we power the global economy by providing technology-enabled supply chain services.”