A new team at the helm

In September 2016 it was announced that A.P. Møller - Mærsk A/S will be reorganised into two separate divisions; Transport & Logistics and Energy. The change in strategy has brought with it a change in leadership at the top of the company. Here we introduce the senior management charged with steering the Maersk Group into a bright future.

Esplanaden Denmark
Maersk’s headquaters in Copenhagen, Denmark.

Management, A.P. Møller - Mærsk A/S

Søren Skou Group CEO

A.P. Møller - Mærsk A/S, CEO, Transport & Logistics division and CEO of Maersk Line Søren Skou joined Maersk in 1983. Over the next decade and a half, he held various positions in Maersk Line in Copenhagen, New York and Beijing. In 1998, Søren Skou joined Maersk Tankers, where he was CEO from 2001 to 2011. In 2012, he was appointed CEO of Maersk Line, a role he continues to hold today. “The fast-paced changes of this world demand that we can adapt quickly, easily and at minimal cost while retaining the focus on each Business Unit. Our future set-up must effectively respond to these challenges.”

Claus V. Hemmingsen Group Vice CEO

A.P. Møller - Mærsk A/S and CEO, Energy division Claus V. Hemmingsen joined Maersk in 1981 as a shipping trainee and moved into leadership roles in Hong Kong and Singapore for Maersk Line. In 2003, he became responsible for APM Terminals, before taking over the responsibility for Maersk Drilling and Maersk Supply Service in 2005, Svitzer in 2006, and Maersk Tankers in 2012. From January 2014 to October 2016, Claus V. Hemmingsen’s role focused on being CEO for Maersk Drilling and a member of the Group Executive Board. “The new strategy and supporting structure puts in place the foundations on which we can build growing businesses. While making these changes, we must stay focused on what makes us successful – for Maersk Tankers, Maersk Drilling and Maersk Supply Service that means a strong operational performance and delivering for our clients. For Maersk Oil it means cost efficient and safe production and top class project management.”

Jakob Stausholm Group CFO

A.P. Møller - Mærsk A/S and Chief Financial, Strategy & Transformation Officer, Transport & Logistics division Building on his position as Chief Strategy & Transformation Officer at Maersk Line, Jakob Stausholm has broader responsibilities as of 1 December 2016. Jakob Stausholm joined Maersk from ISS, where he was Group CFO. Before that, he spent more than 19 years with Shell in numerous finance-related positions, in Europe, Latin America and Asia, and as Chief Internal Auditor. “Right now, we are faced with a massive digital revolution and new industry boundaries will arise in the future. Our starting point is that we have strong capabilities and have, in parts, an industry leading position. We will thus be able to meet the increasing need for new, innovative products offerings and offer digitalised services that are second to none. This expansion of our product capabilities is good news for our customers."

The Maersk Group is an integrated transport & logistics company with multiple brands and is a global leader in container shipping and ports. Including a stand-alone Energy division, the Maersk Group employs roughly 88,000 employees across operations in 130 countries.

Illustration 2 Maersk

Søren Skou Maersk Line CEO

Søren Skou joined Maersk in 1983. Over the next decade and a half, he held various positions in Maersk Line in Copenhagen, New York and Beijing. In 1998, Søren Skou joined Maersk Tankers, where he was CEO from 2001 to 2011. In 2012, he was appointed CEO of Maersk Line, a role he continues to hold today. “Maersk Line will grow market share organically on a consistent basis and will accelerate growth and, if attractive opportunities develop, drive industry consolidation through acquisitions.”

Morten Engelstoft APM Terminals CEO

Formerly CEO of APM Shipping Services and CEO of Maersk Tankers, Morten Engelstoft has a strong track record of delivering results, deep operational experience and is an excellent people leader. He took up his new position on 1 November. “I look forward to working with the team as we enter the next chapter which will see us focus on getting more efficiency and utilisation from our terminal network while continuing to build business with our global customers.”

Klaus Rud Sejling Damco CEO

Formerly Head of East West Trades in Maersk Line, Klaus Sejling took up his new position on 1 October. Klaus Sejling joined the Group in 1997. During his 20-year-career with the Maersk Group, he has held a number of leadership positions in Maersk Tankers, Maersk Line and the Group; as well as a four-year-period in Maersk Logistics. “I am thrilled to join Damco at such an exciting time, to continue to drive growth and leverage synergies across the Transport and Logistics division.”

Henriette H. Thygesen Svitzer CEO

Having joined the Maersk Group in 1994, Henriette H. Thygesen has previously worked for Maersk Tankers and Maersk Oil. Prior to her current role, she was Vice President and CEO for Damco in North Asia, based in Hong Kong. “I am looking forward to working with the entire Svitzer team, and learning more about the business details and the levers that can differentiate our performance from the rest of the market – as well as creating sustainable growth.”

Stig Hoffmeyer Maersk Container Industry, CEO

Stig Hoffmeyer joined Maersk Container Industry (MCI) as CEO in 2014. His career in the Maersk Group spans over 20 years, during which he has held a number of CEO positions in very different industries, e.g. Group’s Operated Investment Portfolio, Maersk LNG, Maersk FPSO’s, Rosti Group and DISA. “As part of the new Transport & Logistics Division, we see great opportunities for MCI to continue developing new technologies which add value to the global supply chain.”

Illustration Maersk

Significant value in oil production expected over the next 15 years

  • Maersk Oil is to become larger and more focused
  • Focus the portfolio on fewer geographies to gain scale, with main focus on the North Sea
  • Invest in long-term gas opportunities with market access and – over time – other more environmentally friendly energy forms
  • Deliver value from already planned and committed investments

Oil services more challenged with limited long-term upside

  • Maersk Drilling, Maersk Supply Services, and Maersk Tankers will continue to optimize their market position and operations with existing fleet and order book
  • These businesses are to focus on uptime, utilisation and cost
  • Further investments will be limited to maintenance

Gretchen Watkins Maersk Oil CEO

Formerly Chief Operating Officer (COO) in Maersk Oil, Gretchen Watkins took up her new position of CEO on 1 October. Gretchen joined Maersk Oil in 2014, following more than two decades with BP and Marathon in a variety of senior leadership roles around the globe. “We can face the future with optimism, because we have talented people and the skills to deliver value from this business.”

Jørn Madsen Maersk Drilling CEO

Jørn Madsen comes from the position of CEO at Maersk Supply Service, a role he has held since 2015. Prior to that, he had a 25-year career in Maersk Drilling, most recently as COO, where he was instrumental in executing Maersk Drilling’s growth strategy and laying the foundation for the company’s operational excellence success. “We should aspire to be the company of choice for our customers, because we deliver the service that helps solve their problems and creates value.”

Steen S. Karstensen Maersk Supply Service CEO

Steen Karstensen joined the Group in 1986 and has had a 30-year-career with the company in procurement, logistics, supply chain, in-house consultancy and other cross-functional areas. He has been responsible for Maersk Oil Trading and Maersk Maritime Technology, and helped to create Maersk Management Consulting. He comes from a position as Chief Procurement Officer and took up his new position on 24 October. “I’m excited to take on this new role. Maersk Supply Service is currently operating in very tough markets, but nevertheless is well positioned to broaden its scope of operations.”

Christian M. Ingerslev Maersk Tankers CEO

Christian Ingerslev has had a 15-year career with Maersk Tankers where he held a number of leadership roles, including that of Chief Commercial Officer (CCO) since 2014. He has a profound knowledge of Maersk Tankers’ business and has been instrumental in the development and execution of its strategy. He took up his new position on 1 November. ”The new setup for Maersk Tankers is very exciting. As market leader in product tanker markets with a well-established operational platform, we are positioned to take advantage of market volatility to generate value. With our “Taking Lead” strategy, the new structure and a great team we are definitely set out on the right path.”