Jacobson Companies Announces Desmond Gay as President, Asia, at Jacobson Global Logistics

Des Moines, IA – (March 7, 2011) – Jacobson Companies, a leading worldwide third party logistics company, is pleased to announce it has hired Desmond Gay as President of its Asia Pacific operations. Mr. Gay is responsible for Jacobson’s business in the Asia Pacific region and is domiciled in Hong Kong.

The president, Asia, position is responsible for development of Jacobson Companies business in Asia, including the expansion of Jacobson Global Logistics and the recent acquisition of Chimerica Global Logistics in Greater China. Chimerica’s executive management team including Jason Woo (VP Business Development) and Marcus Woo (VP Operations Greater China) will report to Desmond Gay.

Mr. Gay joins Jacobson from DTW Logistics Group, China, former JV partner of FEDEX China, where he was CEO for three and a half years. During his tenure at DTW, Mr. Gay was responsible for the freight forwarding and contract logistics business units with combined staff strength of approximately 1,500 employees.

Prior to joining DTW, Mr. Gay held a variety of increasingly senior management positions within Deutsche Post AG beginning in 2000. He first held the position of vice president, intercontinental integrated services, Asia Pacific for Singapore-based Danzas AEI Freight Forwarding. Later, Mr. Gay held the position of senior vice president, DHL Excel Supply Chain Greater China, based in Shanghai. He has also held positions at Air Express International Singapore and Shell Singapore. Mr. Gay holds a Bachelor of Business Administration degree and a Master of Business Administration from Roosevelt University.

“I am honored to be part of a world-class executive team at Jacobson, whose logistics and supply chain expertise literally span across the globe,” Gay stated. “Jacobson is nicely positioned to expand its service offerings to our customers in Asia. I look forward to working closely with our customers to deliver Jacobson’s innovative end-to-end solutions”

Peter Knapp, President of Jacobson International Logistics Services, stated, “We are very pleased to have Desmond Gay on board. With the recent acquisition of Chimerica Global Logistics and our expansion plans in Asia, we expect Desmond and his team will deliver significant growth and value to our customer. His more than 20 years of experience in Asia and particularly China will position Jacobson Global Logistics as the go-to provider of operational excellence and best-in-class logistics services.”

About Jacobson Companies

Founded in 1968, Jacobson Companies is a leading third-party logistics service provider offering end-to-end supply chain management solutions around the globe. Our service offerings include freight forwarding (ocean & air), customs brokerage, PO management, consolidation/deconsolidation, warehousing & distribution, contract packaging and manufacturing and transportation management. Jacobson operates more than 35 million square feet of warehouse space worldwide with approximately 7,000 employees. Jacobson maintains a website at http://www.jacobsonco.com.