Bloomberg News

Haniel Puts Former SAP CEO Kagermann on Board, Handelsblatt Says

May 10, 2012

Former SAP AG (SAP) Chief Executive Officer Henning Kagermann will join the board of Franz Haniel & Cie. GmbH, Handelsblatt reported, without saying where it got the information.

Haniel, the closely held German company that controls drug wholesaler Celesio AG (CLS1), will be adding a non-family member to its board for the first time, the German newspaper said. Kagermann is meant to be a “sparring partner” for Stephan Gemkow, the Deutsche Lufthansa AG (LHA) executive who will become Haniel CEO in September, Handelsblatt said.

To contact the reporter on this story: Annette Weisbach in Frankfurt at

To contact the editor responsible for this story: Frank Connelly at

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