By Olivia Bugault

Kuehne + Nagel International AG said Tuesday that its board of directors has named Stefan Paul as its new chief executive officer as of Aug. 1 of next year.

The Swiss transport and logistics company said Stefan Paul will replace current CEO Detlef Trefzger, who will leave for private reasons after having been at the head of the company since 2013.

"It is planned to appoint Dr. Trefzger to the board of directors of Kuehne + Nagel International AG, with the term following completion of his successful nine-year leadership," the company said.

Stefan Paul is currently in charge of road logistics and sales at Kuehne + Nagel and has been part of the board of management since 2013.