Panalpina shifts power of decision closer to customer base

The Panalpina Group is putting in place three regional CEOs. The key role of the regional CEOs (RCEOs) for Europe/Middle East, Asia Pacific and the Americas will be to implement the recently defined Corporate Strategy 2014. Marco Gadola, Chief Financial Officer, will become the RCEO Asia Pacific. Volker Boehringer, Area Manager Central Europe, will become the RCEO Europe/Middle East. The search for the RCEO Americas as well as the new CFO is under way. The changes will come into effect in the first half of 2012.

“Our ambitious growth targets that we have defined for 2014 demand that we adapt the way in which we manage the markets. We need to shift power of decision from Corporate Headquarters in Basel closer to where our customers do business,” said CEO Monika Ribar. “If we want to exploit trade lanes out of Asia, we need to win more local customers there. This in turn requires more local decision-taking,“ explained Ribar. 

Further development in line with Corporate Strategy

“What we are doing is a logical further development of the organization. First, we have defined our Corporate Strategy for the coming years. Now we are ready for more decisions to be taken in the network,” said Karl Weyeneth, Chief Operating Officer. The reporting structures for the regional setup reflect the intent to have lean entities. “We know out of experience that the regions have to be lean and add real value to the organization,” added Weyeneth.

Regional CEOs to focus on strategy implementation

The RCEOs will report to the CEO. Their job will be to implement the Corporate Strategy 2014, drive growth and increase profitability. The Area Managers, Regional Marketing and Sales, Strategic Development and Finance will report directly to the RCEOs. Marco Gadola, who has been Panalpina’s Chief Financial Officer for more than three years, will take on the role as RCEO Asia Pacific. The RCEO Europe/Middle East has also been appointed. Volker Boehringer, currently Area Manager Central Europe (Germany, Luxembourg, Poland), will take on this role. Both Gadola and Boehringer will be replaced during the course of the first half of 2012. Gadola will finalize the fiscal year 2011 and ensure a smooth transition to his successor. The search for the new CFO, the new Area Manager Central Europe as well as the RCEO Americas is under way.

New Executive Committee to meet every quarter

Panalpina will enlarge its management body into the Executive Committee (ExCom). The members of the Executive Board, the Global Heads of Air Freight, Ocean Freight and Logistics, the Global Head of Marketing and Sales and the three RCEOs will constitute this body and meet every quarter. The focus of the ExCom will be steering the core business, the products and the progress of strategy implementation. It will set and monitor performance and business targets. While the Area Managers will no longer report to the CEO but to the RCEOs, Panalpina’s existing area structure will remain the same.

The Panalpina Group

The Panalpina Group is one of the world’s leading providers of supply chain solutions, combining intercontinental Air and Ocean Freight with comprehensive Value-Added Logistics Services and Supply Chain Services. Thanks to its in-depth industry know-how and customized IT systems, Panalpina provides globally integrated end-to-end solutions tailored to its customers’ supply chain management needs. The Panalpina Group operates a global network with some 500 branches in more than 80 countries. In a further 80 countries, it cooperates closely with partner companies. Panalpina employs approximately 15,000 people worldwide.

www.panalpina.com

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
sandro.hofer@panalpina.com juerg.vogt@panalpina.com