Logistics service providers
Hellmann Worldwide Logistics initiates generation change
Osnabrück, 02.08.16 - The Hellmann Worldwide Logistics group of companies has announced that it has reorganized itself. The aim is to restructure the air and sea freight, land transportation (truck & rail) and contract logistics divisions worldwide. At the same time, a generational change has been initiated and the existing management team has been expanded.
The Hellmann family will therefore continue to manage the company in the future, but the increasing number of family shareholders in the next generation will make this more difficult. For this reason, the company has decided to change its legal form from a GmbH & Co KG to an SE & Co KG. In doing so, Hellmann is following a trend among German family businesses and choosing an international and modern legal form that provides an appropriate framework for the interaction between family and company.
The two leading shareholders Jost and Klaus Hellmann will make up the three-member Executive Board of the SE in future. Dr. Thomas Knecht, who was appointed to the Management Board in November last year, will be the spokesman of the Management Board. "After around 40 years of active and successful collaboration, it is time to introduce a younger management team and hand over the reins. Nevertheless, it is important for us to play an active role on the Management Board for the coming years of transition," explains Jost Hellmann.
Over the past four decades, the shareholders of the Hellmann Group, Jost and Klaus Hellmann, have transformed the company from a business with four locations in Germany into an international logistics group with almost 250 locations in 56 countries and more than 12,500 employees. The Group's financing and growth strategy are secured with extensive bilateral and syndicated financing components. The core elements are a capital market refinanced ABCP program that has been running stably for years and a new syndicated credit facility that has just been successfully concluded. The 2015 financial year closed with an increase in turnover of almost four percent to around EUR 3.1 billion and a significant increase in earnings. red
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