Klein stands down from current GL role; ex-Damen boss takes over

Dr Hermann J. Klein (left) and Erik van der Noordaa Dr Hermann J. Klein (left) and Erik van der Noordaa

Dr Hermann J. Klein, member of the Executive Board of Germanischer Lloyd and responsible for Maritime Services, will at his own request be resigning from this position with effect from 15 December 2010, thus leaving the Executive Board.

He will, however, retain his links to GL by acting as a consultant. During 2011, Klein is expected to be appointed to the GL Supervisory Board. The Supervisory Board respects the wishes of Dr Klein and has accepted his resignation with regret. Klein’s successor has been named as Erik van der Noordaa (49), who has been appointed Chairman of the Executive Board of with effect on 1 December 2010. In addition, van der Noordaa will take over responsibility for Maritime Services from Dr Klein.

Günter Herz, the majority shareholder of GL since the end of 2006, and Dr Wolfgang Peiner, Chairman of the Supervisory Board, thanked Dr Klein for his enduring accomplishments since joining the Executive Board in 2003 and his willingness to support GL in a consultative capacity. Under the leadership of Dr Klein, GL considerably expanded its market position in ship classification worldwide, more than doubling the fleet of ships with GL class. GL says that its success in worldwide classification of container ships is particularly noteworthy, with GL expanding its market share from 34% to over 40% from 2003 to 2009, further consolidating its leading position.

Van der Noordaa is a graduate in naval architecture and mechanical engineering. After completing his studies, he started his career in 1986 at Damen Shipyards Group, a globally active shipbuilding group with headquarters in Gorinchem, the Netherlands. In the first four years of his service there, van der Noordaa was employed in ship development, after which he took on the responsibility of expanding the European sales and marketing activities. In 2000, van der Noordaa assumed responsibility for Damen Shipyards, Gorinchem, the largest yard location of the Group and, in 2004, he was named a Member of the Executive Board of the Damen Group. His area of responsibility included, amongst other duties, the management of the yards in the Netherlands, Romania, Poland, China, Vietnam, Singapore and Cuba. Moreover, he had the global product stewardship for tugs and fast patrol boats. In his last position, Mr van der Noordaa was Chief Operations Officer of the Damen Shipyards Group, which owns 35 companies, with a total of 6,000 employees and a turnover of €1.2 billion.

The GL shareholders and Supervisory Board say that they are delighted not only to have found, in van der Noordaa, an eminently qualified successor for Dr Klein but also to have created, through the consensual change in the Executive Board, an essential prerequisite for a continuation of Germanischer Lloyd’s success story, in which Klein played such an important role. In future, the Executive Board will consist of van der Noordaa as the new chairman, responsible for Maritime Services, as well as Pekka Paasivaara, who will continue to be responsible for lndustrial Services, and Dr Joachim Segatz, responsible as before for Corporate Services.

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