DGAP-News: HAPAG - LLOYD AG: Change in Hapag-Lloyd's Executive Board

DGAP-News: HAPAG - LLOYD AG / Key word(s): Change of Personnel
HAPAG - LLOYD AG: Change in Hapag-Lloyd's Executive Board

26.03.2015 / 11:52

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Hamburg, 26 March 2015

Change in Hapag-Lloyd's Executive Board

CFO Peter Ganz steps down from position / CSAV CFO Nicolas Burr appointed
his successor

Peter Ganz, 47, announced during today's meeting of Hapag-Lloyd's
Supervisory Board that he will step down from his position as company CFO
effective April 1, 2015. The Supervisory Board gave its approval. Ganz will
also leave the company on the same day.

The background for this change on the Executive Board is 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.

"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."

As his successor, the Supervisory Board selected Nicolas Burr. The
39-year-old native of Chile was the CFO of CSAV from 2012 to 2015, based in
Santiago de Chile. He had previously held management positions at a number
of companies in Santiago, Buenos Aires and Wilmington (USA). After studying
engineering, he earned an MBA at MIT in Cambridge (USA).

"With Nicolas Burr we have been able to obtain an outstanding leader for
Hapag-Lloyd. The Supervisory Board is convinced that the Executive Board is
superbly positioned to jointly tackle the range of challenges facing
Hapag-Lloyd," said Michael Behrendt.



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26.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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337919 26.03.2015