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2mo ago

HHLA CEO Titzrath to Step Down Following Shareholder Shakeup

The supervisory board has launched a search for her successor, with a multimillion-euro severance package expected.

Angela Titzrath, Vorstandsvorsitzende der Hamburger Hafen und Logistik AG (Archivbild).
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Angela Titzrath, Vorstandsvorsitzende der HHLA Hamburger Hafen und Logistik AG verlässt das Unternehmen spätestens zum Jahresende
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Overview

  • Angela Titzrath, who has led HHLA since 2017, will leave her role by December 31, 2025, after nine years at the helm.
  • New majority shareholders MSC and the City of Hamburg recently overruled her 16-cent dividend proposal and capped distributions at ten cents per share.
  • Titzrath was not fully briefed on MSC's acquisition of 49.9 percent of HHLA until after the deal had been finalised, highlighting tensions with the new owners.
  • Under her leadership, HHLA underwent a strategic transformation emphasising digitalisation, sustainability and expansion into Eastern Europe and the Mediterranean.
  • She is expected to receive a multimillion-euro severance package that could amount to two years' salary under her contract, which was originally set to run until 2029.