A.P. Møller - Mærsk A/S – Changes in executive management in the Group’s portfolio of businesses

Following today’s update on the announced strategic review, and the decision to separate the Group’s businesses into two independent divisions, Transport & Logistics and Energy, the following changes to executive management in the Group’s portfolio of businesses are announced.

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APM Terminals
The new CEO of APM Terminals will be Morten Engelstoft, currently CEO of APM Shipping Services and CEO of Maersk Tankers. Morten Engelstoft’s appointment is effective November 1, 2016.

“Morten Engelstoft has a strong track record of delivering results, deep operational experience and is an excellent people leader. 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 profitable third party business,” says Søren Skou, Group CEO of A.P. Møller - Mærsk A/S.

Kim Fejfer, currently CEO of APM Terminals and Executive Board member in the Maersk Group will take up a new role related to A.P. Møller Holding A/S.

"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. 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," said Michael Pram Rasmussen, Chairman of the Board.

Maersk Oil
The new CEO of Maersk Oil will be Gretchen Watkins, current Chief Operating Officer in Maersk Oil. Grethen Watkins will take up the role as CEO of Maersk Oil effective October 1 2016.

“Gretchen most recently served 2.5 years as Chief Operating Officer and a member of Maersk Oil's Executive Team. During her COO tenure, she has proven her ability to drive change and operational excellence in Maersk Oil’s portfolio. Gretchen is well-placed and prepared to lead Maersk Oil into the next strategic phase of materialising the sanctioned projects, substantiating Maersk Oil’s position as a leading company in the North Sea and optimizing the economic value and profitability of the current portfolio. I very much look forward to a close cooperation and partnership with Gretchen to see Maersk Oil through the current challenging times in our industry,” says Claus V. Hemmingsen, Group Vice CEO in A.P. Møller - Mærsk A/S.

Jakob Bo Thomasen has decided to leave Maersk Oil after 27 years with the Maersk Group, the last 7 of which as CEO of Maersk Oil.

“Under Jakob Thomasen’s leadership, Maersk Oil has turned its Incident-Free mindset into results and simultaneously transformed the company to become a scalable, global organisation. During Jakob’s more than 27 years with the Maersk Group, he has delivered on the project portfolio of Maersk Oil and coupled commercial and external orientation with technical reputation. We thank Jakob for his strong contributions to Maersk Oil as well as the wider Group during his 7-years long tenure as a member of the Executive Board and we wish him the very best,” says Michael Pram Rasmussen, Chairman of the Board.

Maersk Drilling
Jørn Madsen has been appointed CEO of Maersk Drilling. Jørn Madsen is currently CEO of Maersk Supply Service a role he has held since 2015. He will assume his new position after a replacement is named as CEO of Maersk Supply Service.

“Before taking up the CEO role for Maersk Supply Service, Jørn Madsen served for almost 25 years in Maersk Drilling, most recently as COO. In that capacity, he was instrumental in executing on Maersk Drilling’s growth strategy and laying the foundation for the company’s operational excellence success. I am confident that he and the management team going forward will successfully enhance and execute on our current strategy focusing on delivering high quality performance and securing revenue with our existing assets.” says Claus V. Hemmingsen, Group Vice CEO in A.P. Møller - Mærsk A/S.

Maersk Tankers
Christian M. Ingerslev has been appointed CEO of Maersk Tankers taking effect as of November 1 2016. Christian has since 2014 been CCO of Maersk Tankers.

“Christian M. Ingerslev has for 15 years been with Maersk Tankers where he has held a number of different leadership roles. He brings with him a deep passion for and profound knowledge of Maersk Tankers’ business combined with strong leadership skills. Christian has been an instrumental part of the development and execution of the Maersk Tankers strategy “Taking Lead”, and he is ideally positioned to take over the helm as CEO for Maersk Tankers. I look much forward to working with Christian in his new role," says Claus V. Hemmingsen, Group Vice CEO in A.P. Møller - Mærsk A/S.


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Signe Wagner

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