Morten Engelstoft has been appointed CEO of Services &
Other Shipping for Maersk, effective Jan. 1, 2014. Engelstoft will also take
over the position as CEO for Maersk Tankers from Hanne Sørensen who has been
appointed CEO of freight forwarding company Damco, also effective Jan. 1.
Maersk’s Services & Other Shipping division consists of
Damco, Maersk Tankers, Maersk Supply Service and Svitzer. The four businesses are
expected to remain individual companies with their own CEO’s reporting to
Engelstoft, who will report to Maersk Group CEO Nils S. Andersen.
“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,” Andersen said in a statement announcing the moves. “His
task will now be to realize the full potential of the four businesses in
Services & Other Shipping and together with the businesses CEO’s define a
plan for future growth.”
In becoming CEO of Damco, Sørensen replaces Rolf
Habben-Jansen, who announced his departure in September 2013. Søren Toft will replace
Engelstoft as COO of Maersk Line. Toft joined Maersk in 1994 and has held
several positions in the company, most recently Head of Network Planning with
Maersk Line. Prior to this, he has held various positions in Maersk operations.
