Hapag-Lloyd's Michael Behrendt Steps Back From Role Due to Illness

Hapag-Lloyd chairman steps down due to illness. His successor faces a container market nobody predicted.

When Leadership Transitions Hit at the Worst Possible Moment

Michael Behrendt, 74, who has been at Hapag-Lloyd's helm through some of the most turbulent years in container shipping history, just stepped back from his role as Supervisory Board Chairman due to illness. And yes, the board issued the obligatory "we look forward to his return following full r…