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Panalpina's Chairman to Leave in May; Activist Had Demanded He Quit


(Reuters) - Swiss logistics company Panalpina said on Monday that Chairman Peter Ulber would not stand for re-election at the next annual general meeting in May. The air and sea freight company has come under pressure to change its chairman from activist shareholder Cevian Capital, which has a 12.3 percent stake...

Mentions: stake Panalpina activist investors