New member for Panalpina’s Board of Directors proposed

New member for Panalpina’s Board of Directors proposed

PANALPINA125Basel, April 17, 2013 – Panalpina’s Board of Directors proposes Dr. Ilias Läber for election as a new member of the Board of Directors at the upcoming Annual General Meeting of May 15, 2013. Läber is to replace Lars Förberg who decided not to stand for reelection. Both Läber and Förberg are representatives of Cevian Capital, Panalpina’s second biggest shareholder. Läber (39), a Swiss national, is a partner and Managing Director of Cevian Capital AG.

About Panalpina

The Panalpina Group is one of the world’s leading providers of supply chain solutions. The company combines its core products of Air Freight, Ocean Freight, and Logistics to deliver globally integrated, tailor-made end-to-end solutions. 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. The Panalpina Group operates a global network with some 500 offices in more than 80 countries, and it works with partner companies in a further 80 countries. Panalpina employs around 15,000 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.

For more details, please contact:

Media Relations Investor Relations
Sandro Hofer Jürg Vogt
Tel. +41 61 226 11 66 Tel. +41 61 226 15 44

SOURCE: Submitted by Panalpina

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