Annual general meeting 2018 approves all board proposals

At the annual general meeting of Panalpina World Transport (Holding) Ltd., held on May 8, 2018, 65.47% of the share capital was represented. All proposals of the board of directors were approved by a clear majority and Sandra Emme was confirmed as a new member of the board of directors.

The annual general meeting approved the situation report, the annual financial statements, the consolidated 2017 financial statements and the distribution of a gross dividend of CHF 3.75 per nominal share. The dividend will be distributed on May 15, 2018.

The assembly granted discharge to all members of the board of directors and the members of the executive board for financial year 2017.

New member of the board of directors

Sandra Emme, a German national, was elected as a new member of the board of directors. Chris Muntwyler had decided not to stand for re-election. All other members of the board of directors were re-elected for another one-year term of office.

In an advisory vote, the assembly endorsed the 2017 compensation report. The proposed maximum compensation of the board of directors up until the 2019 annual general meeting and of the executive board for financial year 2019 was likewise approved.

The compensation committee and the independent proxy were elected as proposed by the board of directors. Finally, Deloitte AG was elected as statutory auditor for financial year 2018.

The next annual general meeting is scheduled for May 9, 2019.