SAF's commitment to sustainable air travel
Collaboration between DHL and Formula 1 DHL and Formula 1 are cooperating to promote sustainability in air travel by using Sustainable Aviation Fuel (SAF). Since the Australian Grand Prix in March this year, Formula 1 has been using the DHL GoGreen Plus service to reduce CO₂ emissions from flights compared to […]
Voith gets new boss
Digitalisation Expert as CEO At technology group Voith, Dirk Hoke will succeed Toralf Haag in the spring of next year. As Haag will be leaving the company on 31 August and Hoke can only take up the position on 1 April 2025, Andreas Endters will temporarily lead the Voith Group. In parallel, Endters will continue to [...]
Otto Group: New Head of Strategy
Logistics expert takes over leadership of Strategy & Transformation at Otto Group. The position of Chief Strategy Officer at Otto Group will be newly filled on 1 October 2024. Olaf Schabirosky will then take over the leadership of the Strategy & Transformation division at the Hamburg-based retail group. The position had been vacant following the death of Christoph Schulte, who had held the [...] until summer.
BMW lowers expectations
Automaker adjusts annual forecast for 2024. BMW AG is now somewhat less optimistic and has consequently lowered its forecast for 2024. The trigger for this forecast adjustment is said to be delivery stop-sales and recalls concerning the integrated braking system (IBS). The Munich-based group speaks of additional burdens in the Automobile segment in this regard. Due to delivery stop-sales, according to BMW's explanations […]
Tönnies buys parts of Vion
Takeover of the majority of the German beef business The Tönnies Group is taking over part of the German activities of the Dutch Vion Food Group. According to Vion, the two companies have signed a preliminary agreement for the purchase of the majority of Vion's beef activities in Germany. Vion itself announced in January of this year that it would be reviewing its German business. The planned […]
Coolblue grows in Germany
Online retailer invests €150 million Dutch online retailer Coolblue, which specialises in consumer electronics, recently announced accelerated growth in Germany. The company, which also operates physical stores, will open 36 stores and nine delivery depots in Germany, according to its press release. This is planned to happen within the coming years. The company is also reportedly working intensively on [...]
Daimler Truck: New Chairwoman of the Board of Management
Successor to Martin Daum At Daimler Truck Holding AG, Karin Rådström will succeed the current CEO Martin Daum. The Supervisory Board has appointed Rådström as the new Chief Executive Officer until 31 January 2029. Rådström will assume this position on 1 October this year. Martin Daum will remain an ordinary board member for the [...] until 31 December.
Aerzener Maschinenfabrik at the SMM 2024
International Maritime Industry Trade Fair Aerzener Maschinenfabrik is exhibiting in Hamburg at the world's largest shipbuilding trade fair. The SMM (Shipbuilding, Machinery and Marine Technology Trade Fair) started on Wednesday and runs until Friday, 6th September. According to its press release, the supplier of blower and compressor solutions is primarily focusing there on […]
Lufthansa Cargo: Sustainable organisation of air freight
Commissioning of the 18th long-haul freighter One of the world's leading air cargo transport companies, Lufthansa Cargo, commissioned its 18th long-haul freighter on 17th August 2024. This belongs to the „B777 freighter“ fleet. According to the company, the freighter comes from the Boeing plant in Everett, USA. It has now become the largest hub for the [...]
Change of boss at Nestlé
Mark Schneider to leave world's largest food company Nestlé's top job will be reassigned at short notice. As the world's largest food company announced on Thursday, the current Chief Executive Officer (CEO), Mark Schneider, will be leaving the company. In light of this, Nestlé's Board of Directors has appointed Laurent Freixe as the new Chief Executive Officer, effective 1 September. […]