Panalpina appoints new Regional CEO for North America

The global transport and logistics group Panalpina has nominated Karl Weyeneth as the new Regional CEO for its Noram business region. He will take office on 1 February 2007, succeeding Peter Merath, who will retire after more than 40 years with Panalpina.

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Karl Weyeneth (42) has extensive logistics and managerial experience. In his former position as President & CEO Americas for Hellmann Worldwide Logistics Inc. since 2000 he was responsible for the company's entire North and South American operations. Prior to that, he
held a key management position with a leading global freight forwarding company. He holds a B.A. in Economics and Business Administration from the University of Berne, Switzerland. In his new function at Panalpina he will be one of the six Regional CEOs reporting directly to the Group's President & CEO Monika Ribar.

Following up the positive development in Noram
Karl Weyeneth is the successor of Peter Merath, who will retire on 31 January 2007. Peter Merath’s impressive track record and career with Panalpina for well over 40 years has been recently reconfirmed when he was managing the restructuring in the US organization, which has been developing very positively throughout 2006. Its successful completion will be the foremost topic on Karl Weyeneth’s agenda for 2007.

The Panalpina Group
The Panalpina Group is one of the world’s leading suppliers of forwarding and logistics services, specializing in intercontinental air freight and ocean freight shipments and associated supply chain management solutions. Thanks to its in-depth industry know-how and state-of-the-art IT systems, Panalpina provides globally integrated door-to-door forwarding solutions tailored to its customers’ individual needs. The Panalpina Group operates a close-knit network with some 500 branches in more than 80 countries. In a further 60 countries, it cooperates closely with selected partner companies. Panalpina employs some 14,000 people worldwide.