Marie-Christine Lombard, the new chief executive of TNT's (TNT.AS) global express business, has made it her personal mission to tackle loss-making operations in Brazil as her unit prepares to be spun off. Lombard, who has been managing the express division of Dutch mail company TNT since 2004 in the shadow of her U2-loving boss Peter Bakker, will lead a separate company if shareholders approve a listing on May 25. TNT issued a profit warning at its international delivery unit, Express, on April 8 after lingering integration issues at businesses it bought in Brazil hit its operating performance, leading to a loss of clients in a key emerging market. In a presentation to analysts in London on Tuesday, Lombard, a 52-year-old French mother of two, acknowledged she should have seen and tackled problems in Brazil earlier but gave assurances she would get on top of them.
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