Maersk Chairman Rasmussen Steps Down
A.P. Møller - Maersk’s chairman of the board will step down at the end of March as the group missed fourth-quarter profit expectations amid low prices and oversupply in the oil and freight sectors. Michael Pram Rasmussen said he will not stand for reelection as chairman of the board of directors, opting to stand down when his election period expires March 28, 2017, the date of group’s annual general meeting. The board intends to elect former SAP co-CEO Jim Hagemann Snabe as chairman. “In 2016 we took a decision to change the direction of the company. With a new structure accomplished and a new leadership team established led by Soren Skou…
Keeping it in the Family: Maersk Founder's Scion Steps Aboard
At its recent general meeting of AP Moller-Maersk, Mærsk Mc-Kinney Møller's grandson Robert Maersk Uggla was elected to the board of the company, which will ensure the family's active ownership and continuity in the company, according to a report by Børsen with Maritime Denmark. Citing Robert Maersk Uggla the report indicates that he thinks it means a lot to the family. They wished to remain as an active owner of A. P. Moller-Maersk and he considered that that is what his grandfather would have wanted and his mother wants the same. Apparently he has worked in the company for 10 years.