Hapag-Lloyd CFO steps down

Hapag-Lloyd CFO steps down

London: Peter Ganz is to step down after six years as CFO of Hamburg-based container line Hapag-Lloyd and will leave the company on April 1.

He will be replaced by Nicolas Burr, CFO of Chilean container line CSAV, which as Hapag-Lloyd’s new largest shareholder had the right to nominate an individual of its choice.

“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,” Michael Behrendt, chairman of the supervisory board of Hapag-Lloyd, said in a statement today.

“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,” he continued.

“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.”

No reason was given for Ganz’s departure.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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