Maersk fires CEO, considers break-up

A. P. Moller-Maersk could be split up into separate companies according to its chairman after announcing Group CEO Nils Andersen is to be replaced by Søren Skou, current head of Maersk Line.

Chairman Michael Pram Rasmussen told The Financial Times: “We are looking into if we have the right structure: should we be a group as we are today or might it be an idea to have a number of different separate businesses instead?”

Rasmussen added that it was “the board’s decision” to replace Mr Andersen, stating: ““If we want to survive the next 100 years — and that’s really our agenda — you have to be ready to make changes”.