Chairman of Kuehne and Nagel relinquishes role

Schindellegi, Switzerland: Klaus-Michael Kuehne is stepping down as chairman of the Kuehne and Nagel group. He will retain his majority shareholding and a place on the Group’s board.

Karl Gernandt, executive vice-chairman, was elected to become the new chairman. Kuehne says: “The Kuehne + Nagel Group is well positioned among the leading global logistics providers, has maintained a remarkable course of success and strives for sustained growth. Based on this, I have decided to pass further responsibilities into younger hands.”

He adds: “As majority shareholder and member of the Board of Directors my dedication to the Kuehne and Nagel Group remains unchanged and I will continue to support expanding its leading position in the global logistics industry.”