Press release -
Change in the Board of Directors of Panalpina World Transport (Holding) AG
In connection with the public exchange offer by DSV A/S for all publicly held registered shares of Panalpina World Transport (Holding) AG published on 13 May 2019, the Board of Directors will propose at the Extraordinary General Meeting scheduled for 16 July, 2019, the election of the following persons nominated by DSV A/S into the Board of Directors of Panalpina World Transport (Holding) AG with effect as of the settlement of the public exchange offer by DSV A/S: Kurt K. Larsen, as member and Chairman of the Board of Directors and Thomas Plenborg, Jens Bjørn Andersen and Jens H. Lund as members of the Board of Directors. Messrs Jens Bjørn Andersen und Jens H. Lund are proposed to be the members of the compensation committee, also with effect as of the settlement of the public exchange offer by DSV A/S. All current members of the Board of Directors of Panalpina World Transport (Holding) AG will resign with effect as of the settlement of the public exchange offer by DSV A/S.
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About Panalpina
The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products – Air Freight, Ocean Freight, and Logistics and Manufacturing – to deliver globally integrated, tailor-made end-to-end solutions for 12 core industries. 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. Project Solutions is a specialized service for the energy and capital projects sector. The Panalpina Group operates a global network with some 500 offices in around 70 countries, and it works with partner companies in another 100 countries. Panalpina employs approximately 14,500 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.
