Panalpina’s Peter Ulber to become chairman; Stefan Karlen, CEO
Panalpina’s board of directors has nominated Peter Ulber as the company’s new chairman for the upcoming Annual General Meeting (AGM) to be held on 10 May 2016.
February 26, 2016
By Donald Urquhart
Panalpina’s board of directors has nominated Peter Ulber as the company’s new chairman for the upcoming Annual General Meeting (AGM) to be held on 10 May 2016. He will succeed Rudolf W. Hug who has served as chairman since 2007 and does not stand for reelection due to the age limitation in the company’s bylaws. Stefan Karlen, currently regional CEO for Asia Pacific, has been designated to succeed Ulber as the next chief executive officer.
Commenting on the board’s appointment, Vice Chairman Beat Walti says on behalf of controlling shareholder Ernst Göhner Foundation “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.”
Additionally, Ulber will be nominated to succeed Dr Hug as a member of the board of trustees of Ernst Göhner Foundation. After the AGM, Ulber would continue as CEO until Karlen, his designated successor, takes over during the latter part of the year.
“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,” said Hug. “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.”