The Annual General Meeting approved the annual report, the annual financial statements, the consolidated financial statements 2012 and the distribution of a gross dividend of CHF 2.00 per nominal share. The dividend will be distributed on May 23, 2013.
The renewal of the authorized capital for another two years in the unchanged amount of CHF 300,000 and the respective change in the Articles of Association were also approved.
The Annual General Meeting granted discharge to the members of the Board of Directors as well as the members of the Executive Board for the financial year 2012. KPMG AG, Zurich, was re-elected as statutory auditor for the financial year 2013.
Ilias Läber elected to Board of Directors
Ilias Läber was elected as a new member of the Board of Directors for a term of office of one year. Läber (39), a Swiss national, is a partner and Managing Director of Cevian Capital AG. He replaces Lars Förberg who did not stand for reelection.
Reelected for a term of office of one year were Rudolf W. Hug, Beat Walti, Chris E. Muntwyler, Roger Schmid, Hans-Peter Strodel and Knud Elmholdt Stubkjær. A short biography of all the members of the Board of Directors can be found here.
Peter Ulber also made his first public appearance as Panalpina’s designated CEO at the event. He will assume managerial responsibility from Monika Ribar on June 1st 2013.
The next Annual General Meeting is scheduled for May 9, 2014.