Hapag-Lloyd elects Karl Gernandt as chairman

The Supervisory Board of Hapag-Lloyd AG, one of the world’s leading liner shipping companies operating a fleet of 305 modern container ships with a total transport capacity of 2.5 million TEU, has elected Karl Gernandt as the new Chairman with immediate effect. He succeeds Michael Behrendt, who is unable to continue in the position due to health reasons. However, Behrendt will remain a regular member of the Supervisory Board.

The decision to elect Gernandt comes in a context where the merits of Michael Behrendt remain intact. The Supervisory Board has already indicated that Behrendt’s return to the chairmanship after his full recovery is explicitly desired. The timing and modalities of this return will be discussed in due course.

With the assumption of the chairmanship, Gernandt has also handed over his mandate as Chairman of the Audit and Finance Committee to Oscar Eduardo Hasbún Martínez. Martínez has been a member of the Supervisory Board of Hapag-Lloyd AG since 2014.

Additionally, Francisco Pérez Mackenna, who served as a representative of the shareholders of CSAV on the Supervisory Board, will resign at his own request on February 1, 2026. His successor, Macario Valdés Raczynski, was appointed as a new member of the Supervisory Board by the Hamburg District Court on February 13, 2026.

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