Other executive board members are Peter Ganz and Jesper Praestensgaard, who joins the board Jan. 1.
'Hapag-Lloyd has turned itself around faster than expected and completed all the groundwork for the company's further strategic development,' said Michael Frenzel, chairman of the supervisory board of Hapag-Lloyd AG and chairman of the executive board of European tourism giant TUI, which owns a 43 percent share in the container line. 'We are pleased that the executive board is to continue its successful work and that we have taken this key step towards ensuring Hapag-Lloyd's ongoing positive development.'
