Hapag-Lloyd and Hamburg Süd bet on new joint management

Both Hapag-Lloyd and Hamburg Süd will keep their CEOs following the impending merger. A new agreement concerning a joint management structure has just been reached, according to German Manager Magazine.

As part of the negotiations about the new merger, the two German container carriers Hapag-Lloyd and Hamburg Süd are approaching a new structure for the future alliance, writes German Manager Magazine.

According to the magazine, neither of the involved parties wants to let go of its CEO, which has led to an agreement concerning a joint management with the two CEOs. Michael Behrendt of Hapag-Lloyd and Ottmar Gast of Hamburg Süd, respectively, will be at the helm of a potentially new merged company.

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