Panalpina's chief operating officer (COO), Andy Weber, will leave the company at the end of the year. The COO position will not be replaced.
Weber, a member of the Switzerland-based logistics operator's executive board, joined the company in 2015.
In a statement, Panalpina said that Weber has successfully led many turnaround projects and made the business segment energy and project solutions fit for competition in the challenging energy and capital projects sector.
Stefan Karlen, chief executive of Panalpina, said:“With a track record of over 30 years in the freight forwarding industry, Andy Weber is a very experienced manager. While I regret his departure, I am pleased that he has agreed to continue to support Panalpina in a consulting role and that the company can further rely on his expertise for specific projects.”
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