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Mark Frese to take over as new chief financial officer at Hapag-Lloyd

GERMANY's Hapag-Lloyd AG has appointed Mark Frese to its executive board, effective from November 25

Mark Frese to take over as new chief financial officer at Hapag-Lloyd

GERMANY's Hapag-Lloyd AG has appointed Mark Frese to its executive board, effective from November 25

17 November 2019 - 19:00

GERMANY's Hapag-Lloyd AG has appointed Mark Frese to its executive board, effective from November 25. Next March, he will become the new chief financial officer, replacing Nicolas Burr.

Mark Frese was most recently employed as the CFO of Ceconomy AG, the former Metro AG. Prior to that, he held various management positions at Metro AG and Kaufhof Holding AG.



'When Mark Frese joins us, we will be gaining a very accomplished and highly skilled expert with extensive experience and knowledge of the financial sector. The supervisory board is convinced that, in its new composition, the executive board will remain excellently positioned to lead Hapag-Lloyd to continued future success,' said supervisory board chairman Michael Behrendt.



Nicolas Burr will leave the company at the end of February to pursue new projects in Chile. He began serving as CFO of Hapag-Lloyd in March 2015.



'During his five years with the company, Nicolas Burr has significantly contributed to its success, particularly when it comes to the mergers with CSAV and UASC as well as the IPO that took place in 2015. Nicolas Burr is among those responsible for the good financial position that Hapag-Lloyd enjoys today,' Mr Behrendt said in a company statement.


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