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SCHENKER TO APPOINT NEW CHAIRMAN

SCHENKER TO APPOINT NEW CHAIRMAN

   Schenker AG, the German freight forwarding group, said that it will appoint Hakan Larsson chairman of its management board.

   Schenker, part of the German conglomerate Stinnes AG, said that Bernd Malmstroem, its former chairman, is leaving the group to accept a position elsewhere.

   Larsson is a member of Schenker’s management board, responsible for its European land transport division. He was previously chairman of BTL, the Swedish freight forwarding company acquired by Schenker.

   Larsson has taken over the position of chairman of Schenker on an interim basis pending confirmation of his appointment.