The supervisory board of German shipping major Hapag-Lloyd AG has extended the contract of Chief Executive Officer Rolf Habben Jansen for five more years until March 31, 2024.
“With Rolf Habben Jansen at the head, Hapag-Lloyd has further improved its position as a leading global liner shipping company in a challenging market environment and as an active driver of industry consolidation.
“The extension of his contract ensures continuity in the corporate management. We have thereby created the best conditions for the continuation of the successful course of Hapag-Lloyd,” said Michael Behrendt, chairman of the supervisory board of Hapag-Lloyd AG.
Additional members of the executive board of Hapag-Lloyd AG are Chief Financial Officer Nicolás Burr (CFO), Chief Operations Officer Anthony J. Firmin (COO) and Joachim Schlotfeldt (CPO), who is responsible for human resources and global procurement.
The German liner ended 2017 with more than tripled operating result (EBIT), reaching EUR 411 million (USD 502 million) against EUR 126 million reported a year earlier.
The group net result stood at EUR 32.1 million for 2017, a major rebound from a net loss of EUR 93.1 million from 2016.
Aside from UASC merger, the better financial performance was also ascribed to a positive development of the worldwide container transport volume and a slight recovery of freight rates.
According to Jansen, looking ahead, the company plans to further reduce its debt and unlock all possible synergies from the merger with UASC.
Image Courtesy: Hapag-Lloyd