German container line Hapag-Lloyd has found a replacement for departing CFO Nicolas Burr.

Mark Frese joins the executive board on 25 November, but will not take over as finance chief until 1 March.

Frese, 55, was most recently CFO at electronics retailer Ceconomy, previously Metro.

“When Mark Frese joins us, we will be gaining a very accomplished and highly skilled expert with extensive experience and knowledge of the financial sector," said chairman Michael Behrendt.