Morten Engelstoft has been appointed CEO of Services & Other Shipping in Maersk, as well as of Maersk Tankers to replace Hanne B. Sorensen who has been appointed CEO of Damco.
The four businesses in Services & Other Shipping (Damco, Maersk Tankers, Maersk Supply Service and Svitzer) will remain individual businesses with their own CEO’s reporting to Morten Engelstoft, who will report directly to Group CEO Nils S. Andersen.
“The Group is fortunate to have highly experienced leaders to choose from internally. This makes it possible for us to maintain momentum and keep focus on the business. Both Morten Engelstoft and Hanne B. Sorensen leave behind strong and dynamic organisations with talented teams well prepared for the future,” says Group CEO Nils S. Andersen adding:
“As COO of Maersk Line Morten Engelstoft has been a key driver in the turnaround and in the reduction in the global network cost, which has been an important part in creating the past five quarters of positive results in Maersk Line. His task will now be to realise the full potential of the four businesses in Services & Other Shipping and together with the businesses CEO’s define a plan for future growth. Hanne B. Sorensen has successfully repositioned Maersk Tankers, which now has a clear path for the future and she will bring organizational and market experience to Damco, which is in the midst of rolling out a global operational model - One Damco.”