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AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
With the imminent departure of current head Tim Scharwath to lead DHL Global Forwarding, Kuehne + Nagel has appointed Yngve Ruud as its new global head of air freight.
A KN veteran, with 26 years at the company, Mr Ruud will take his seat on the management board on 1 October.
KN chairman Joerg Wolle said: “We are very pleased that, in a very short time, we were able to appoint an experienced executive from our own ranks. Based on his proven logistics expertise, in his new role as head of global airfreight, Yngve Ruud will set the course to reach our ambitious goals.”
Chief executive Detlef Trefzger added: “During his 26 years with Kuehne + Nagel, Yngve Ruud has demonstrated leadership in various positions. With an integrated solutions approach and strong execution, he has successfully expanded the customer base and improved results in all business units in the challenging market environment of Western Europe.”
The 52-year old Mr Ruud is a Norwegian national. In 2011 he was named head of North-west Europe region, based in London, a role he also took over from Mr Scharwath. In 2013, he was appointed regional manager of Western Europe, Kuehne + Nagel’s largest regional organisation.
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