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READING, Pa., August 4, 2008 - Penske Logistics announced today that Ivanyra
Correia has been named Chief Financial Officer for Penske Logistics South
America. She will report to Bill Scroggie, Managing Director - South America,
Correia will operate from São Paulo, Brazil, and brings a wealth of international
financial management experience. She will have oversight of the following areas:
accounting, administration, payroll, risk management, legal, pricing, reporting and
She has over 15 years of work experience, serving as General Manager at
Votorantim Group, Vice President of Banc of America Securities, and most recently
as Latin American Finance Superintendent of Amanco Group.
"Ivanyra brings to Penske strong management skills, and has experience directing
multicultural and multifunctional teams," Scroggie stated. "These skills sets will be
of paramount importance when working with Penske's international customer base."
Correia earned an MBA from the Wharton School, and holds a Bachelor of Science
degree in production engineering from the Federal University of Rio de Janeiro, and
is fluent in three languages: English, Spanish and Portuguese.
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing. With
operations in North America, South America, Europe and Asia, Penske Logistics
provides supply chain management and logistics services to leading companies
throughout the world. Penske Logistics delivers value through design, planning and execution in transportation, warehousing, international
freight forwarding and carrier
management. Visit www.PenskeLogistics.com to learn more.