After twelve years on the Board of Directors of Kuehne + Nagel International AG, Renato Fassbind will not stand for re-election at the Annual General Meeting on May 9, 2023.

At the same time, Dr. Vesna Nevistic will be proposed for election to the Board of Directors of Kuehne + Nagel International AG. Dr. Nevistic, born in 1965 and a dual Swiss-Croatian citizen, holds a PhD in electrical engineering from the Swiss Federal Institute of Technology (ETH) Zurich. She has extensive international experience in management consulting and investment banking, was a partner at McKinsey, including a focus on logistics, and a managing director at Goldman Sachs. She currently runs her own consulting firm focusing on corporate strategy and transformation and is a board member at Compagnie Financière Richemont SA, among others.

Dr. Joerg Wolle, Chairman of the Board of Directors of Kuehne + Nagel International AG, said: "On behalf of the entire Board of Directors, I would like to thank Dr. Fassbind for his many years of successful service on the Board of Directors of Kuehne + Nagel. At the same time, we are pleased to propose Dr. Nevistic, a business leader with an excellent network in Switzerland and internationally, for election to the Board of Directors of Kuehne + Nagel International AG.ˮ