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2mo ago

HHLA Chairman Grube to Exit After CEO Succession, Titzrath’s Severance Finalized

He will exit in late July following the appointment of a new CEO under review for holding multiple board mandates.

Rüdiger Grube ist seit 2015 mit der Köchin Cornelia Poletto verheiratet, die unter anderem das „Palazzo“ in Hamburg veranstaltet
Aufsichtsratsvorsitzender der HHLA Rüdiger Grube gibt seinen Rückzug vom Posten bekannt. (Symbolbild)

Overview

  • Rüdiger Grube confirmed he will step down as supervisory board chair by late July, coordinating a handover once Angela Titzrath’s successor is named.
  • MSC and the City of Hamburg requested that Grube postpone his planned early-July departure so he could oversee the leadership transition.
  • HHLA and Angela Titzrath agreed on her 2025 compensation package, which includes full salary, €1.1 million in bonuses and a €1.58 million severance payment.
  • A legal review is examining whether Grube’s ten concurrent supervisory mandates breach German stock corporation law, though past board resolutions are expected to remain valid.
  • The synchronized departures of both the CEO and supervisory chair underscore majority shareholder control over HHLA’s governance overhaul.