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Annual general meeting 2018 approves all board proposals

Press Release   •   May 08, 2018 16:30 GMT

At the annual general meeting of Panalpina World Transport (Holding) Ltd., held on May 8, 2018, 65.47% of the share capital was represented. All proposals of the board of directors were approved by a clear majority and Sandra Emme was confirmed as a new member of the board of directors.

The annual general meeting approved the situation report, the annual financial statements, the consolidated 2017 financial statements and the distribution of a gross dividend of CHF 3.75 per nominal share. The dividend will be distributed on May 15, 2018.

The assembly granted discharge to all members of the board of directors and the members of the executive board for financial year 2017.

New member of the board of directors

Sandra Emme, a German national, was elected as a new member of the board of directors. Chris Muntwyler had decided not to stand for re-election. All other members of the board of directors were re-elected for another one-year term of office.

In an advisory vote, the assembly endorsed the 2017 compensation report. The proposed maximum compensation of the board of directors up until the 2019 annual general meeting and of the executive board for financial year 2019 was likewise approved.

The compensation committee and the independent proxy were elected as proposed by the board of directors. Finally, Deloitte AG was elected as statutory auditor for financial year 2018.

The next annual general meeting is scheduled for May 9, 2019.

About Panalpina

The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products – Air Freight, Ocean Freight, and Logistics and Manufacturing – to deliver globally integrated, tailor-made end-to-end solutions for twelve core industries. Drawing on in-depth industry know-how and customized IT systems, Panalpina manages the needs of its customers' supply chains, no matter how demanding they might be. Energy and Project Solutions is a specialized service for the energy and capital projects sector. The Panalpina Group operates a global network with some 500 offices in around 70 countries, and it works with partner companies in another 100 countries. Panalpina employs approximately 14,000 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.