A.P. Moller-Maersk has strengthened its management by appointing Vincent Clerc, executive vice president and chief commercial officer, Soren Toft, executive vice president and chief operating officer, and Morten Engelstoft, executive vice president and chief executive officer of APM Terminals, to the executive board, effective from December 1, 2017.
According to A.P. Moller-Maerk, the move further accelerates the development of customer-oriented end-to-end transportation and logistics solutions and is in line with the company’s vision of becoming the global integrator of container logistics.
In line with the strategic direction announced in September 2016 A.P. Møller - Mærsk A/S has made significant progress in focusing the future business on container shipping, ports and logistics.
“We have made good progress on the separation of the oil and oil-related businesses as well as the integration of container shipping, ports and logistics,” said Soren Skou, CEO of A.P. Moller-Maersk. “The expansion of the executive board will further accelerate our journey towards delivering seamless end-to-end experiences to our customers. Vincent, Morten and Soren have all demonstrated strong leadership and customer focus as well as delivered solid results over many years. They are recognized, visionary and global leaders in the container shipping, ports and logistics industry. I look forward to having them take on additional executive responsibility and to join me and the rest of the executive board on the journey towards the future Maersk.”
The expanded executive board of A.P. Moller-Maersk will now consist of Soren Skou, CEO of A.P. Moller-Maersk; Claus V. Hemmingsen, vice CEO of A.P. Moller-Maersk and CEO of the energy division; Jakob Stausholm, executive vice president and chief finance, strategy and transformation officer of A.P. Moller-Maersk; Vincent Clerc, executive vice president and chief commercial officer of A.P. Moller-Maersk and chairman of Damco; Morten Engelstoft, executive vice president of A.P. Moller-Maersk, CEO of APM Terminals and chairman of Svitzer; and Søren Toft, executive vice president and chief operating officer of A.P. Moller-Maersk, chairman of Maersk Container Industry and member of Hamburg Süd’s supervisory board.
“I am very pleased to see how Soren Skou and the executive board have executed on our vision to become a focused transport and logistics company as outlined in the strategy,” said Jim Hagemann Snabe, chairman of the board of directors. “Today’s board of directors’ decision to expand the executive board will further strengthen the pace of the strategy implementation.”