Haniel Puts Former SAP CEO Kagermann on Board, Handelsblatt Says

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 aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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