SWISS
forwarding giant Panalpina has nominated CEO Peter Ulber, 56, as the
chairman, succeeding Rudolf Hug, 72 from May
10, the date of the next annual general meeting.
Stefan
Karlen, 42,
currently Asia Pacific chief, becomes the new CEO succeeding Mr Ulber, who will
remain chief executive after the AGM until Mr Karlen is available to take over
later in the year.
Panalpina
vice chairman Beat Walti, speaking on behalf of controlling shareholder Ernst
Gohner Foundation, said: "During his tenure, Dr Hug was
instrumental in setting the strategy for Panalpina and turning it into the
highly professional and bottom-line focused company it is today.
"Peter
Ulber's nomination will ensure continuity and a seamless transition; and we are
convinced that he will be a most capable chairman,"
Said
Dr Hug: "The board and I are confident that Peter Ulber, with his
extensive knowledge of the industry, is the right candidate to guarantee the
future growth and success for Panalpina.
"After
almost a decade at Panalpina's helm, I leave knowing that the company will be
in good hands and well positioned to deliver long-term value," he said.
A
German, Mr Ulber joined Panalpina in 2013 as president and CEO on the departure
of Monika Ribar, who had been chief executive for seven years, having served in
various management roles in the company for more than two decades.
Previously,
Mr Ulber held management positions from 1985 to 2011 at Kuehne + Nagel in
Europe, as well as North and South America. He was appointed to the
international management board in 2008, and was responsible for sea freight and
air freight, as well as the global sales organisation.
Said
Mr Ulber: "Panalpina is now a fundamentally stronger company, making this
the ideal time for me to concentrate on the strategic development and future
direction of the group by handing over the day-to-day responsibilities to
Stefan Karlen."
A
Swiss, Mr Karlen joined Panalpina in 1997 and has held various positions
spanning across Europe, Africa, Central Asia and Asia Pacific. He played a key
role in Panalpina's international expansion. In 2012, he became the managing
director for South East Asia before assuming the position of Regional CEO for
Asia Pacific in 2013
"Stefan
Karlen's proven track record of delivering results and in-depth knowledge of
the freight forwarding and logistics industry, coupled with him having
successfully lead Asia Pacific, Panalpina's most dynamic region, for the last
three years makes him a formidable candidate," Mr Ulber said.
Source
: HKSG.