The closing of the CSAV transaction will also mean a change of Supervisory Board Chairman at Hapag-Lloyd AG. Dr Jürgen Weber has stepped down from his position as agreed. The former CEO of Hapag-Lloyd, Michael Behrendt, will take over the role with effect from today. He had already been elected to the board and to his position as Chairman in advance.

During his time as CEO of Hapag-Lloyd AG, Michael Behrendt spearheaded the deal in Chile. I am pleased that I will be able to play a part in shaping the direction of Hapag-Lloyd in my new role, said Behrendt. Thanking his predecessor, he added: For the last three years, Jürgen Weber has always been on hand to provide valuable advice and strong commitment to Hapag-Lloyd. We owe him a debt of gratitude for this.

Dr Jürgen Weber, a former CEO and Supervisory Board Chairman of Deutsche Lufthansa AG, had been at the helm of Hapag-Lloyd's Supervisory Board since June 2012. As a proud Hamburg resident, I was happy to fulfil the request of the Mayor of Hamburg, Olaf Scholz, and take up the role of Supervisory Board

Chairman. I believe that Hapag-Lloyd is now in a good position and would like to wish the management and employees every success for the future, said Weber.

Supervisory Board members Dr Andreas Rittstieg and Ulrich Leitermann also stepped down as agreed with the closing of the CSAV transaction. The AGM elected Oscar Hasbún Martínez and Francisco Pérez Mackenna to replace them on the Supervisory Board of Hapag-Lloyd AG.