New chairman for Hapag-Lloyd

Wednesday, June 13, 2012

The liner carrier Hapag-Lloyd has elected a new chairman in a planned move as the company’s former majority owner TUI continues to wind down its involvement with the shipping line. The German carrier said Wednesday that Jürgen Weber has been elected to the company’s supervisory board and appointed chairman, replacing Michael Frenzel. Frenzel is chairman of the executive board of TUI AG, the European tourism giant that has been slowly divesting itself in Hapag-Lloyd in...

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