rss icon Subscribe
desktop mobile

Hapag-Lloyd Appoints New CFO

 Mark Frese. Photo: Hapag-Lloyd AG

Shailaja A. Lakshmi

Hapag-Lloyd AG appointed Mark Frese to the Executive Board effective November 25, 2019. On March 1, 2020, he will become the new Chief Financial Officer (CFO), replacing Nicolás Burr.

Mark Frese (55) was most recently employed as the Chief Financial Officer of Ceconomy AG, the former Metro AG. Before that, he held various management positions at Metro AG and Kaufhof Holding AG.

"When Mark Frese joins us, we will be gaining a very accomplished and highly skilled expert with extensive experience and knowledge of the financial sector. The Supervisory Board is convinced that, in its new composition, the Executive Board will remain excellently positioned to lead Hapag-Lloyd to continued future success," said Michael Behrendt, Chairman of the Supervisory Board of Hapag-Lloyd AG.

Nicolás Burr (44) will be leaving the company on 29 February 2020 to pursue new projects in Chile. He began serving as CFO of Hapag-Lloyd AG in March 2015.

"During his five years with the company, Nicolás Burr has significantly contributed to its success, particularly when it comes to the mergers with CSAV and UASC as well as the IPO that took place in 2015. Nicolás Burr is among those responsible for the good financial position that Hapag-Lloyd enjoys today. We wish him all the best for the future," Behrendt said.

Nov 13, 2019

 

People & Company News

Ocean Yield Adds LR2 Tanker Trio

Image:  Ocean Yield ASA

Norwegian ship owner and operator Ocean Yield ASA has taken delivery of three long range 2 (LR2)

DNV GL and Huangpu-Wenchong Sign JDP

Photo: DNV GL

DNV GL entered into a Joint Development Project (JDP) with Huangpu-Wenchong Shipbuilding Company

Port Operator ICTSI to Double Capacity at Congo Terminal

© Mike Mareen / Adobe Stock

Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more

Finance

Diana Shipping Posts $1.8M Q3 Net Income

Diana Shipping reported net income of $1.8 million and net income attributed to common stockholders of $3 million for the third quarter of 2019. This compares to net income of $14.

NYK Line Wins First Sustainability Loan in Japan

Pic: NYK Line

The Japanese shipping giant NYK Line has secured a syndicated sustainability-linked loan from MUFG

Orsted Raises $660m Green Finance

Image: Ørsted

Denmark-based energy giant successfully issued green hybrid capital securities for €600m ($660m)

Maritime Apps