Panalpina confirms departure of executives

Executive VP for Ocean Freight Peder Winther and CIO Ralf Morawietz leave Panalpina following the merger with DSV. Their departure is part of the move to eliminate five executive positions, though three will continue at the new company.

Photo: PR-FOTO

Panalpina's executive VP for Ocean Freight, Peder Winther, has stepped down from the Swiss-based company. CIO Ralf Morawietz has also left the company following the merger with DSV, informs Panalpina in a statement.

On Monday, ShippingWatch reported that five executive positions have been eliminated at Panalpina after DSV last week formally acquired the company. Though three of the executives will continue at the new company, on Monday it remained unclear what would happen for Winther and Morawietz.

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