Kuehne + Nagel chief executive resigns as European EBITDA and turnover dips


 

Kuehne + Nagel group chief executive Reinhard Lange is to step down in May. The news came as the firm reported a dip in European EBITDA and turnover due to intense margin pressure. Although his replacement has not yet been found, a management team under K+N International chairman Karl Gernandt will take over Lange’s responsibilities from 7 May. Lange, who is stepping down for health reasons, will then continue in a consultancy role until his contract is terminated on 31 […]