As the new Chairman, Peter, who has been CEO since 2013, will succeed 72-year-old Rudolf Hug, who resigns from his position due to age limitations in company’s bylaws. Consequently, Stefan Karlen, currently Regional Chief Executive for Asia Pacific, will take over as CEO of the company later this year.
In a statement about the change, current Chairman, Rudolf, remarked: “The board and I are confident that Peter Ulber, with his extensive knowledge of the industry, is the right candidate to guarantee the future growth and success for Panalpina.
“After almost a decade at Panalpina’s helm, I leave knowing that the company will be in good hands and well positioned to deliver long-term value.”
Peter, in turn, commented positively on his successor. “Stefan Karlen’s proven track record of delivering results and in-depth knowledge of the freight forwarding and logistics industry, coupled with him having successfully lead Asia Pacific, Panalpina’s most dynamic region, for the last three years makes him a formidable candidate,” he averred.
