Wednesday, May 11, 2011

Klaus-Michael Kuehne Stands Down As Chairman of Kuehne + Nagel Logistics Group

Karl Gernandt Named as New Boss
Shipping News Feature

SWITZERLAND – A legendary figure of the freight industry, Klaus-Michael Kuehne, announced yesterday that he is to relinquish his role as Chairman of the Kuehne + Nagel Group, one of the world’s leading logistics companies. He will retain his majority shareholding and a place on the Group’s board.

In a meeting yesterday and following Kuehne’s recommendation to the Board of Directors, Karl Gernandt, Executive Vice-Chairman, was elected to become the new Chairman.

Kuehne said: “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."

Joint founded by Herr Kuehne’s grandfather in 1890, Kuehne + Nagel has now more than 58,000 employees at 900 locations in over 100 countries and is one of the world’s biggest logistics companies with very strong market positions in the seafreight, airfreight, contract logistics and overland transport markets. Much of this was accrued under Klaus-Michael’s leadership, which began in the mid-1960’s.

The appointment of his replacement was hailed as a positive step by Kuehne.

“I am convinced that Mr. Gernandt as my successor in the function as Chairman will ensure stability and continuity, fostering the company’s further development. As majority shareholder and member of the Board of Directors my dedication to the Kuehne + Nagel Group remains unchanged and I will continue to support expanding its leading position in the global logistics industry,” he said.

(pic: Klaus-Michael Kuehne)