October 7, 2002:  Teleroute, Europe’s leading on-line freight and vehicle exchange, has announced a change in its Chief Executive Officer position. François Bourgeois is stepping down from the CEO post he has held since January 2000 to concentrate fully on his role as a member of the Management Team of Wolters Kluwer Legal, Tax and Business Europe (LTB-E). He is being replaced by Raimundo Diaz.

Teleroute, Europe’s leading on-line freight and vehicle exchange, has announced a change in its Chief Executive Officer position. François Bourgeois is stepping down from the CEO post he has held since January 2000 to concentrate fully on his role as a member of the Management Team of Wolters Kluwer Legal, Tax and Business Europe (LTB-E). He is being replaced by Raimundo Diaz.

François Bourgeois, 38, (Insead), has been associated with Teleroute’s parent company, Wolters Kluwer since 1996 when he was named Managing Director for Teleroute France. In January 2000 he was presented the challenge of bringing the existing 16 Teleroute national units under one unique management structure. Teleroute.com was then created to impulse and to coordinate the development of personalised and trans-national applications as well as to develop new services. Mr. Bourgeois was again promoted within the Wolters Kluwer organisation in March 2002 when he was named Area Manager for France, Belgium, Spain and Teleroute.

Raimundo Diaz, 37, joined Teleroute.com in August 2001 as Chief Strategy & Business Development Officer, bringing with him extensive experience in industry, management consulting and financial services gained through positions in London, Milan, Madrid and Paris. In April 2002 he was promoted to Chief Strategy and Product Officer, thereby adding product development responsibilities to his portfolio.

Before joining Teleroute, Mr. Diaz worked for Lafarge Lime as Executive Vice President, South America where he was in charge of the development and subsequent management of acquired companies in Latin America.

“I am pleased to be given this new challenge within the Teleroute organisation,” said Raimundo Diaz. “Our focus remains the road haulage professional and our goal is to find ways to save our customers time, money and effort by creating individualized solutions for posting and consulting freight and/or vehicle offers.”

Raimundo Diaz holds a MBA (Insead) and degrees in Law and Economics.

Teleroute was founded in France in 1985 as a single country trucking solution service. It currently operates in 17 countries where 35,000 users post and consult 56,000 offers daily. Teleroute is the leading supplier of e-commerce solutions in the European transport industry. Thanks to Teleroute, more than 120 million tons are transported through 40 countries each year amounting to a turnover of 50 million euros.

Note for the editor:

About Teleroute

Teleroute, created in 1985, develops and markets the leading on-line freight and vehicle exchange for the road transport industry in Europe. With 56,000 offers posted on a daily basis and consulted by some 35,000 users, it achieves more than €50 M sales in 17 countries. It is part of the Wolters Kluwer group (www.teleroute.com).

About Wolters Kluwer

Wolters Kluwer is a multinational information services company with annual sales of approximately EUR 3.8 billion, employing approximately 20,000 people in Europe, North America and Asia Pacific. The company’s core activities are Legal & Regulatory, International Health, and Education. The Wolters Kluwer shares are quoted on the Euronext Amsterdam. The financial results for the year 2002 will be announced on 11 March 2003 (www.wolters-kluwer.com).

Teleroute press contact:

Denise Crenwelge
Communications Manager