DSV cuts five executive positions at Panalpina

Five executives have lost their positions at Panalpina following DSV's closing of the acquisition last week. Three execs will continue at the new company, while prospects for the remaining two are unclear.

Photo: Ritzau Scanpix/AP/Arnd Wiegman/REUTERS / X90184

Only a few days after DSV secured the keys to Panalpina, the company announces that five executive positions have been axed.

One cut position is executive vice president of ocean freight, which Peder Winther occupied since Jan. 1, 2019. He thus began only a few weeks prior to the public becoming aware of DSV's bid for Panalpina.

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