Ribar quits Panalpina
09 / 04 / 2013
MONIKA RIBAR, chief executive of Panalpina, is to step down at the end of May.
Her successor at the global forwarding and logistics company will be former Kuehne + Nagel management board member Peter Ulber, 53.
This change has been planned and prepared for by both the board of directors of Panalpina World Transport (Holding) and Monika Ribar, as part of the company’s on-going succession process, says a statement.
Ribar, who in addition to her role as chief executive of Panalpina, already serves on other companies’ boards of directors. She plans now to turn her focus more on these non-executive managerial roles for the foreseeable future.
She has been a member of Panalpina’s management for almost 23 years and has led the company as chief executive for the past seven.
During this time she developed Panalpina into a global and leading provider of supply chain solutions and in recent years introduced a compliance organissation and culture which is regarded as exemplary by the industry.
“Monika Ribar deserves high praise for the secure legacy she will leave at Panalpina,” insists chairman Rudolf Hug.
“The Board of Directors expresses its sincere gratitude and appreciation to her. She has guided the enterprise through one of the most difficult phases of its recent history and successfully geared it towards the new challenges.”
Ulber can look back on an impressive career in the global freight forwarding and logistics business.
Following his studies at the International School of Logistics in Hamburg, he held various management positions from 1985 to 2011 at Kuehne + Nagel in Europe as well as North and South America.
As a member of the management board from 2008 onwards, he was responsible for both sea- and airfreight at Kuehne + Nagel as well as having had overall responsibility for the global sales organisation.
As a result of a series of strategic acquisitions by Kuehne + Nagel, he was also strongly involved in the company’s expansion in Europe, Asia and America.
At the end of 2011, he went into business himself as co-founder and partner of the Charleston Enterprise Group LLC.
“We feel fortunate that we could attract one of the globally most respected freight forwarding experts and entrepreneurs and secure his services as chief executive of Panalpina,” says Hug.
“His entrepreneurial track record is impressive and we are convinced that he will succeed in further expanding Panalpina’s position in the world markets.”