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.