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Panalpina's Peter Ulber won't seek another term
来源: 编辑:编辑部 发布:2018/11/24 09:56:49
SWISS forwarding giant Panalpina has announced that its chairman, Peter Ulber will not stand for re-election as chairman of the board at the next annual general meeting May 9.
"The announcement is in line with the previously communicated commitment by the company to evaluate the governance of the current board composition," Panalpina said.
Panalpina's compensation and nomination committee, headed by Thomas E Kern, will conduct the search for a new independent chairman.
Mr Ulber has been at Panalpina since 2013, when he was appointed president and CEO. He became chairman in 2016. Prior to that he held a variety of management roles at Kuehne + Nagel from 1985 to 2011.
"This decision is in the best interest of Panalpina and all of its stakeholders," Mr Ulber said. "The long-term goals of the company are best served by electing an independent chairman of the board at this time to further improve on a best-in-class governance. This process will strengthen the company on its strategic path forward."
"The announcement is in line with the previously communicated commitment by the company to evaluate the governance of the current board composition," Panalpina said.
Panalpina's compensation and nomination committee, headed by Thomas E Kern, will conduct the search for a new independent chairman.
Mr Ulber has been at Panalpina since 2013, when he was appointed president and CEO. He became chairman in 2016. Prior to that he held a variety of management roles at Kuehne + Nagel from 1985 to 2011.
"This decision is in the best interest of Panalpina and all of its stakeholders," Mr Ulber said. "The long-term goals of the company are best served by electing an independent chairman of the board at this time to further improve on a best-in-class governance. This process will strengthen the company on its strategic path forward."