Thursday, April 24, 2014

Hapag-Lloyd chairman to step down early

Juergen Weber will step down as chairman of the board of shipping line Hapag-Lloyd earlier than anticipated, with plans to hand over his role to Michael Behrendt in the autumn, according to a company statement

Michael Behrendt said he would step down as CEO of Hapag-Lloyd at the end of June.

Juergen Weber joined the carrier's supervisory board in June 2012 and was elected chairman. One of his key decisions was choosing Michael Behrendt as his successor as the head of the shipping company, the statement said. Weber said he also used his role to ensure that Hapag-Lloyd was well positioned in its business and that it continues to grow at a difficult time for the liner shipping industry.

"I believe these three tasks have now been fulfilled," said Weber. "Rolf Habben Jansen has been a member of the executive board since the beginning of April and will replace Michael Behrendt as CEO at the end of June.

"Despite the weak market environment, Hapag-Lloyd has been able to achieve results that outperform the level of its industry peers. The integration of the CSAV container segment will make Hapag-Lloyd the fourth-largest company in the industry. The closing of this transaction in the autumn is therefore the ideal time to hand over the chair of the Supervisory Board to Michael Behrendt. He can then continue to oversee the important phase of integrating the CSAV container segment into the Hapag-Lloyd Group with his expertise."


More Newswire stories

Port of Los Angeles container volume up 34 percent in March

Port of Long Beach sells bonds to pay creditors

General Motors to spend $12B in China

Oil tanker raided, pirates kidnap 3 crew



Today's Cargo News Archives

 




Home | The Magazine | Conferences | Port Handbooks | Newswire | Advertise | Ocean Schedules | Contact
CBN Archives | About CBN | Subscribe to CBN | Heartland Shippers’ Conference | CalExport Conference | Southeast Freight Conference | Port Productivity Conference | Pacific Northwest Ports Handbook | Golden Gates Ports Handbook | Southern California Ports Handbook | Buy Handbooks | Subscirbe to Newswire | Newswire Archives | Upload Files