Ad-hoc announcement pursuant to Art 53 SIX Listing Rules
Annual General Meeting 2022
- All proposals of the Board approved by a large majority
- Shareholders approve the distribution of a gross dividend of CHF 10.00
- Dr. Joerg Wolle re-elected as Chairman for another one-year term
At today's Annual General Meeting (AGM) of Kuehne + Nagel International AG, all proposals were approved by a large majority. The company held the AGM in accordance with Art. 27 para. 1 COVID-19 Ordinance 3 of the Swiss Federal Council without shareholders being present in person. Voting was done through the independent proxy representing 83.29% of the voting shares.
The shareholders approved the status report, the financial statements and the consolidated financial statements as well as the annual financial statements for the 2021 business year after taking note of the audit reports. They approved the distribution of a gross dividend of CHF 10.00 per registered share and the carry forward of retained earnings less dividend to new account.
In addition, the AGM granted discharge to the Board of Directors and the Management Board for the 2021 business year with a high approval of results.
Board of Directors
Dominik Bürgy, Dr. Renato Fassbind, Karl Gernandt, David Kamenetzky, Klaus-Michael Kühne, Tobias B. Staehelin, Hauke Stars, Dr. Martin Wittig and Dr. Joerg Wolle were re-elected individually for one-year terms until completion of the next AGM.
Chairman of the Board of Directors
By an overwhelming majority of votes, Dr. Joerg Wolle was re-elected as Chairman of the Board of Directors for another one-year term of office.
Shareholders followed the Board of Directors’ recommendation to re-elect Karl Gernandt, Klaus-Michael Kühne and Hauke Stars to the Compensation Committee for another one-year term until completion of the next AGM. Karl Gernandt remains Chairman of this Committee.
Independent proxy / Statutory auditor
Mr. Stefan Mangold (commissioner of oaths of Canton Schwyz), Siebnen, was elected as independent proxy; the mandate of Ernst & Young AG as statutory auditor for the year 2022 was approved by the AGM.
In a consultative vote, shareholders approved the remuneration report 2021.
The total maximum amount of remuneration for the members of the Board of Directors was prospectively approved according to the legal requirements, covering the period until the end of the AGM. In a separate vote, shareholders confirmed the total maximum amount of remuneration for the Management Board for business year 2023 and approved the addendum in connection with the very successful business year 2021.
Shareholders voted with the necessary majority for the renewal of the Board of Director’s right to establish authorised capital (revision of Articles of Association) until May 3, 2024.
The next Annual General Meeting will be held on Tuesday, May 9, 2023.
With over 78,000 employees at almost 1,300 sites in over 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics providers. It operates in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions.