Sunday , 17 November 2019
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AP Moller-Maersk has dismissed its chief executive Jess Soederberg after poor results last year, when the company’s profits decreased by 23%. Soederberg (62), chief executive since 1993, has been replaced by Nils Smedergaard Andersen (48), currently chief executive of the Danish brewery Carlsberg. Andersen has headed Carlberg since 2001, during which time the brewer’s profits have more than doubled.

Maersk fires CEO Soederberg

In the past few years AP Moller-Maersk has felt the pinch, with shipping rates coming under pressure and strong competition from other liner operators, particularly on the China trades. The company has begun introducing the world’s largest container ships, but any benefits from this have yet to be seen.

Andersen moves to AP Moller-Maersk on December 1, 2007 and will lead a company five times the size of Carlsberg. Two other senior executives will also be leaving the Danish shipping group after having submitted their resignations, but their names have not yet been revealed.