Adolf Adrion appointed CEO of CP Ships
02 Janeiro 2006 - 1:35PM
PR Newswire (US)
GATWICK, UK, Jan. 2 /PRNewswire-FirstCall/ -- The board of CP Ships
Limited has appointed Adolf Adrion new CEO effective 1st January
2006 following the completion of the acquisition of CP Ships by
Hapag-Lloyd at the end of 2005 The new CFO will be Ulrich Kranich,
effective 1st February 2006. Mr Adrion, also executive board member
of Hapag-Lloyd AG, is retaining his previous responsibilities and
is taking over from former CP Ships CEO Ray Miles, who stepped down
from his post on 31st December 2005. Mr Kranich, also CFO of
Hapag-Lloyd AG, will also retain his previous duties. He will
succeed current CFO Ian Webber who will leave his post at the end
of January. Adolf Adrion joined Hapag in 1957 and assumed various
management functions. He was appointed a member of the executive
board of Hapag-Lloyd AG in 2004. Adrion is CEO of Hapag-Lloyd
Container Line. He is also chairman of the Far Eastern Freight
Conference (FEFC), as well as chairman of the World Shipping
Council and chairman of the Box Club, both important international
container shipping industry associations. Ulrich Kranich, a
business economics graduate who has held various positions at
Hapag-Lloyd since 1975, is responsible for the group finances area.
In 1997, he was appointed manager of Hapag-Lloyd Container Line,
being responsible in this position for the entire fleet expansion
as well as the controlling of ship and container system costs
worldwide. The chairman of the CP Ships board of directors
(comparable to a supervisory board in Germany) and chairman of the
Hapag-Lloyd executive board, Michael Behrendt, emphasized that
these appointments are crucial steps in the process of the
integration of the two companies. "This is an ideal constellation.
We are pooling the top expertise at CP Ships and Hapag-Lloyd, thus
maintaining continuity as well as driving forward our integration
as envisaged for completion by 2007," Mr Behrendt noted. In
addition to Michael Behrendt as chairman, the members of the board
of directors of CP Ships are Adolf Adrion, Brian Westlake, a lawyer
based in Toronto, and Holger Oetjen, manager of Hapag-Lloyd Canada.
With its acquisition of CP Ships, Hapag-Lloyd has joined the Top 5
in global container shipping. Hapag-Lloyd and CP Ships have a
combined fleet of about 140 vessels with a total capacity of
410,000 containers (TEU). Hapag- Lloyd is a company of TUI AG,
based in Hanover/Berlin. DATASOURCE: CP Ships CONTACT: Elizabeth
Canna, VP Group Communications, Telephone: +44 (0)1293 861 921 or
+41 (0)79 691 3764; Klaus Heims, Director Public Relations,
Telephone: +49 40 3001 22 63
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