News / Panalpina board must resign and DSV will cherry-pick best staff to keep

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DSV looks set to pick out the best of Panalpina’s staff and keep them, but others will face a DSV-led committee to decide how the companies will be integrated.

The set-up has been detailed in DSV’s offer prospectus for Panalpina, which also reveals that DSV insists all Panalpina’s board members resign and, following an extraordinary shareholders’ meeting, DSV will appoint a new board. 

The filing states that Panalpina has in place “a global retention plan for a number of key employees, including the ...