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Annual General Meeting 2013 approves all BoD proposals

May 15, 2013

The Annual General Meeting of Panalpina World Transport (Holding) Ltd., held on May 15, 2013, was attended by shareholders representing 56.58% of the share capital. All proposals of the Board of Directors were approved by a clear majority. Peter Ulber made his first public appearance as Panalpina’s designated CEO.

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.

 

About Panalpina

The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products of Air Freight, Ocean Freight, and Logistics to deliver globally integrated, tailor-made end-to-end solutions. Drawing on in-depth industry know-how and customized IT systems, Panalpina manages the needs of its customers' supply chains, no matter how demanding they might be. Energy Solutions is a specialized service for the energy and capital projects sector. The Panalpina Group operates a global network with some 500 offices in more than 75 countries, and it works with partner companies in a further 90 countries. Panalpina employs 15,000 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.