Gadola steps down, Panalpina names Stefan Karlen as Asia Pacific CEO

PANALPINA has announced that Stefan Karlen, managing director south east Asia, has taken over as regional CEO Asia Pacific, following the departure of Marco Gadola, who will pursue a "career outside of logistics".

"Stefan has a profound understanding of our business and our culture," Panalpina CEO Monika Ribar said of Mr Karlen who joined the company in 1997 and has held several management positions in Europe and Asia. In his last position he was responsible for Singapore, Malaysia, Indonesia, the Philippines, Thailand and Vietnam.

Of Mr Gadola, Ms Ribar said: "We regret the departure of Marco because he is a well experienced manager and contributed a lot to Panalpina's performance."