AMKBY AP Moller Maersk AS (PK)

    By Dominic Chopping 
 

Denmark's A.P. Moeller-Maersk AS (MAERSK-B.KO) on Tuesday made two new executive appointments as it takes the next steps toward becoming a more integrated shipping and logistics player.

Vincent Clerc is named chief executive of Maersk's ocean and logistics unit, while Henriette Hallberg Thygesen is appointed chief executive of towage, manufacturing and others.

Mr. Clerc has held various roles within Maersk since 1997, including chief commercial officer of Maersk Line and most recently chief commercial officer of A.P. Moeller-Maersk.

Ms. Thygesen joined Maersk in 1994 and has held various senior positions in Spain, China, the U.S. and Copenhagen for Maersk Tankers, Maersk Oil, Maersk Logistics/Damco. As well as now assuming responsibility of towage, manufacturing and others, she will also continue in her role as chief executive of Svitzer.

Maersk has spent recent years transforming from being a sprawling diversified conglomerate to an integrated end-to-end logistics provider.

"A year ago, we integrated our customer-facing roles across the company. We are now ready to accelerate the execution of our strategy through increased commercial and operational integration," A.P. Moeller-Maersk Chief Executive Soren Skou said.

"With the new leadership structure announced today, I am confident that we will increase the pace. We have a simple and agile foundation for profitable growth and the new executive board is united in the goal of integrating our value proposition and maximizing the value creation across the business."

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

December 17, 2019 03:48 ET (08:48 GMT)

AP Moller Maersk AS (PK) (USOTC:AMKBY)
Historical Stock Chart
From Mar 2024 to Apr 2024

AP Moller Maersk AS (PK) (USOTC:AMKBY)
Historical Stock Chart
From Apr 2023 to Apr 2024