March 27 - Effective April 1, Peter Ganz is to relinquish his post as company cfo of the merged Hapag-Lloyd/CSAV operation (trading as Hapag Lloyd).
This is in line with an agreement between shareholders stipulating that CSAV, as the new largest shareholder in Hapag-Lloyd, has the right to nominate an individual of its choice to assume the position of cfo.
As his successor, the board selected Nicolas Burr, who was the cfo of CSAV from 2012 to 2015, based in Santiago, Chile.
"We owe Peter Ganz a great debt of gratitude - in a situation that has not been easy for him - not only for seeing the merger of Hapag-Lloyd and CSAV through to the closing, but also for being willing to complete the annual financial statements," said Michael Behrendt, chairman of the supervisory board of Hapag-Lloyd AG.
"During his six-year tenure as cfo, Peter Ganz made a decisive contribution to securing and strengthening Hapag-Lloyd's future viability and competitiveness.
"Particularly during the financial and shipping crisis of 2009, Peter Ganz initially played a crucial role in the restructuring and refinancing of Hapag-Lloyd.
"Thereafter, he laid the groundwork for gaining access to capital markets and ensuring that Hapag-Lloyd had the financing it needed for growth. Furthermore, with great personal dedication, he contributed significantly to the successful merger of Hapag-Lloyd and CSAV."