Maersk Reshuffles Executive Echelon Following the Operations Split

A.P. Møller – Mærsk A/S has made several changes to the Group’s executive management following the decision to separate the businesses into two independent divisions, Transport & Logistics and Energy.
As reported earlier, the Group’s Transport & Logistics division will consist of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry, based on a one company structure with multiple brands.
The Energy division will consist of Maersk Oil, Maersk Drilling, Maersk Supply Service and Maersk Tankers.
Søren Skou will continue as Group CEO of A.P. Møller – Mærsk A/S and CEO of the Transport & Logistics division.
Claus V. Hemmingsen will be appointed Group Vice CEO of A.P. Møller – Mærsk A/S effective on 1 October 2016 and CEO for the Energy division.
Jakob Stausholm will be appointed Group CFO of A.P. Møller – Mærsk A/S as of 1 December 2016. On the same date, Group CFO Trond Westlie will step down as member of the registered management and leave the Group.
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.
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.
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.
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.
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.
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.