Former Cargolux chief Dirk Reich to join Panalpina

Panalpina is to appoint former Cargolux chief executive Dirk Reich as a new board member at its Annual General Meeting on May 3. He will succeed Roger Schmid, who will not stand for re-election.

Reich, a dual Swiss and German national, sat on the management board of Kuehne + Nagel and, in 2016, founded R+R International Aviation, which offers strategic advice in the fields of aviation, logistics and e-commerce in China.

He is an MBA graduate of the Otto Beisheim School of Management, is a representative of Bundesvereinigung Logistics in China, is an advisory board member of the Institute of Logistics Management at the University of St Gallen and a Lufthansa Service Holding director.

Panalpina chairman, Peter Ulber, said: “We believe his extensive knowledge in contract logistics and e-commerce as well as his experience with an air freight carrier will be an important asset for Panalpina.”

With the exception of Roger Schmid, all the other current board members will stand for re-election for another one-year term.