Following 10 years with the Rickmers Group and after the successful conclusion of financing agreements for the Rickmers Group's newbuilding programme consisting of container and multi-purpose vessels, Dr Moritz Mittelbach has stepped down as CFO and Managing Director of Rickmers Holding GmbH & Cie KG and Pacific Holdings International GmbH & Cie KG with effect from 31 January 2011 at his own request.
With his expertise, Dr Mittelbach successfully guided the Rickmers Group through the difficult phase of the financial and shipping crisis; he will continue to bring his experience to bear by serving the company in an advisory role. The Executive Board thanks Dr Mittelbach for his important contribution.
Until a successor has been named, Mr Bertram RC Rickmers will be assuming the duties of the CFO in an acting capacity.