Klaus-Michael Kuehne and his Executive Deputy, Karl Gernandt, have agreed that Mr. Gernandt will be appointed as President of the Board of Directors of Kuehne Holding AG, as of May 2016.
From that date onwards Karl Gernandt will fully concentrate on the numerous commitments and tasks in the field of interest of Klaus-Michael Kuehne.
It is planned that Dr. Joerg Wolle will succeed Karl Gernandt as Chairman of the Board of Directors of Kuehne + Nagel International AG.
Kuehne Holding AG is the majority shareholder of Kuehne + Nagel International AG and holds more than 20% stake in Hapag-Lloyd AG, the leading German liner shipping company.
Dr. Thomas Staehelin, former President of the Kuehne Holding AG, will assume the role as Vice President of the Board. Further members of the Board of Directors of Kuehne Holding AG are Dr. Wolfgang Peiner, Dr. Andreas Rittstieg and Dr. Joerg Wolle.
In a meeting on 1st March 2016, the Board of Directors of Kuehne + Nagel International AG decided to propose Dr. Joerg Wolle for election as Chairman of the Board of Directors at the Annual General Meeting on 3rd Mary 2016.
This decision is fully supported by majority shareholder, Klaus-Michael Kuehne.
Karl Gernandt, member and Delegate of the Board of Directors of Kuehne + Nagel International AG since 2009, appointed to its Chairman in 2011, will hand over to Dr. Joerg Wolle at a time at which the Kuehne + Nagel Group is one of the leading players in the global logistics industry and in an excellent condition.
Klaus-Michael Kuehne commented on the changes: “Due to his proven leadership and management capabilities Karl Gernandt has been very successful in his function as Chairman of the Board of Directors of Kuehne + Nagel International AG. Karl will now focus on the portfolio and asset management including key areas of development. At the same time he will remain related to Kuehne + Nagel as Vice Chairman of the Board.
"I am very pleased about this development and delighted that Dr. Wolle, a very experienced top executive, agreed to assume the function as Chairman of the Board of Directors of Kuehne + Nagel International AG.
"I am looking forward to continue working with the new structure, who will be responsible for the Kuehne + Nagel Group, the flagship of all my activities.”