PNL PostNL NV

AMSTERDAM--Dutch express company TNT Express NV (TNT.AE) said Monday said it proposes Tex Gunning as Chief Executive.

MAIN FACTS:

- Tex Gunning is proposed for appointment as Chief Executive. Mr Gunning is currently board member at Dutch chemicals and paints company Akzo Nobel NV (AKZA.AE).

- Bernard Bot, current interim-CEO of TNT Express, will resume his role as chief financial officer of the company.

- The company proposes Sjoerd Vollebregt as additional independent member of the supervisory board.

- Mr Vollebregt was recommended by Dutch mail company PostNL NV(PNL), which has a 29.9% stake in TNT Express.

- The appointments will be proposed to the TNT Express shareholders at the annual general shareholder's meeting on 10 April 2013.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com