Hapag-Lloyd sets up investor relations office
Hapag-Lloyd AG is setting up an investment relations office ahead of its return to the stock exchange, scheduled for the second half of 2004.
The German shipping and logistics group has appointed Kay Baden to head the new investor relations department, effective March 1. He will report to Michael Behrendt, executive board chairman of Hapag-Lloyd.
Baden is head of communication at TUI AG, Hapag-Lloyd’s parent company.
“Hapag-Lloyd AG will give high priority to frank, immediate and transparent financial communication with analysts as well as private and institutional investors,” Behrendt said.