ZIM Integrated Shipping Services LtdCEO resignation follows failed acquisition attempt and takeover by Hapag-Lloyd, signaling leadership instability and loss of independence.
Eli Glickman has stepped down as president and CEO of Zim Integrated Shipping Services, with Chen Lichtenstein officially succeeding him as of July 1. Glickman resigned in April following a failed attempt to acquire the company, which was taken over by Germany's Hapag-Lloyd in February for $4.2 billion. Zim credited Glickman with leading an astounding turnaround that reshaped the carrier into an agile, digitally-focused global player ranked 10th in the world by capacity at just under 700,000 TEUs. Lichtenstein, a Stanford Law School graduate, most recently served as an advisor to investor KKR.
ZIM Integrated Shipping Services LtdCEO resignation follows failed acquisition attempt and takeover by Hapag-Lloyd, signaling leadership instability and loss of independence.
Hapag Lloyd AGHapag-Lloyd successfully acquired Zim in February for $4.2 billion, expanding its capacity and market position.
KKR & Co. Inc.