T&B''s Sprague resigns

T&B''s Sprague resigns

Copyright 2004, Traffic World, Inc.

The president of Tibbett & Britten Group North America, Mike Sprague, resigned to pursue other interests after leading the company for 12 years. Sprague, 57, played a key role in building up Tibbett & Britten''s North American business, which now accounts for about 42 percent of the British-based logistics provider''s total revenue.

Headquartered in Elstree, England, the Tibbett & Britten Group is the largest consumer goods logistics company in Europe with annual revenue of more than $2.5 billion. It recently strengthened its presence in the reverse logistics market with the purchase of German logistics firm Vfw AG.

Its North American operations, based in Toronto and Warren, N.J., provide warehousing, transportation and inventory management services for retailers including 7-Eleven, JC Penney and Wal-Mart.

Sprague joined Tibbett & Britten in 1991 after serving as president of Quest Canada, group vice president of Coles Book Stores and international operations director of Nairn International Group. He was appointed to the company''s board of directors in 1995.

Tibbett & Britten Group North America ran into problems recently with the loss of important customers such as Kmart and Safeway in the United States. The purchase in 2002 of Dimalsa, a Mexican 3PL, also has been problematic.

Sprague resigned "to pursue other interests," according to the company. Nancy Olive, senior vice president marketing & business development, also left the company.