Chairman Dr. Rudolf W. Hug emphasized the turnaround Panalpina achieved in 2010. CEO Monika Ribar highlighted – among other topics – the new products and services launched in 2010 and the corporate focus on a product-driven organization driven by its industry verticals. Looking ahead, she is cautiously optimistic as far as the business year 2011 is concerned. CFO Marco Gadola presented the key figures for the financial year 2010 and for the first quarter 2011.
The Annual General Meeting approved the annual report, the annual financial statements, the consolidated financial statements and the proposed changes in the articles of association of the company. It further granted discharge to the members of the Board of Directors as well as the members of the Executive Board for the financial year 2010. KPMG AG, Zurich was re-elected as statutory auditor for the year 2011.
Chairman Dr. Rudolf W. Hug expressed his sincere thanks to BoD members Guenter Rohrmann, who did not run for re-election, and Günther Casjens, who resigned his mandate at the end of 2010. He praised their engagement for the benefit of the company. New members Lars Förberg and Knud Elmholdt Stubkjær were elected with a vast majority. Also clearly re-elected were Dr. Rudolf W. Hug, Chris E. Muntwyler, Dr. Roger Schmid, Dr. Hans-Peter Strodel and Dr. Beat Walti. All members were elected for a term of office of 1 year.
Board of Directors
The next Annual General Meeting is scheduled for May 8, 2012.