APM Terminals has appointed Morten Engelstoft as the new CEO, effective from November 1, 2016.

“Morten Engelstoft has a strong track record of delivering results, deep operational experience and is an excellent people leader,” said Søren Skou, CEO of A.P. Møller - Mærsk A/S. “.I am confident that APM Terminals under Morten’s leadership will continue to thrive as one of the world’s largest terminal operators and successfully execute on APM Terminals’ priorities of costs, productivity and winning new third party business.”

According to APM, Engelstoft succeeds Kim Fejfer, who will take up a new role in APM Holding A/S in Copenhagen.

“Succeeding Kim Fejfer, who during the last 12 years has developed APM Terminals into one of the world’s largest and most successful port operators with outstanding results, is a tall order,” said Michael Pram Rasmussen, chairman of the board of directors at A.P. Møller - Mærsk A/S. “Kim has expressed a desire to take on a new challenge when timing was right. On behalf of the A.P. Møller - Mærsk board and the company’s employees, I want to thank Kim for his leadership, cooperation and commitment over the years. We wish Kim every success in his new role.”