ZIM Integrated Shipping Services Ltd. has announced the following changes to its Board of Directors:
The Board of Directors of the company appointed Mr. Aharon Fogel as Excutive Chairman of the Board of Directors effective as of October 6, 2014.
As a result of the appointment of Mr. Aharon Fogel, as detailed above, and in accordance with Articles 88 of the company's Articles of Association, the director, Mr. Nir Epstein, will be replaced with Mr. Flemming R. Jacobs as a member of the company's Board of Directors effective as of October 6, 2014. The term of office of Mr. Jacobs as a director of the company is until July 15, 2017 (three years as of the date of the closing of the company's debt restructuring which took place on July 16, 2014).