Maersk changes structure of executive board

Maersk changes structure of executive board

Maersk has changed the structure of its executive board, including uniting its ocean operations teams and commercial team, with the aim to become a more integrated company.

In addition to his role as executive vice president of A.P Moller – Maersk, Vincent Clerc has been appointed the CEO of Ocean and Logistics effective immediately.

By uniting both the teams in operations focused on ocean delivery with the commercial team, Maersk intends to ensure a better offering of integrated services and facilitate end-to-end thinking for its 70,000-plus customers.

Furthermore, Maersk has appointed executive vice president Henriette Hallberg Thygesen as a member of its executive board in a new role as CEO of Towage, Manufacturing & Others.

She will be responsible for all independent businesses ensuring focus on their performance as well as fleet management and other enabling functions with focus on driving additional synergies.

Søren Skou, CEO of A.P. Moller – Maersk, said: “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.

“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 maximising the value creation across the business.”

The composition of Maersk’s executive board is as follows: Skou, CEO of A.P. Moller – Maersk, CFO Carolina Dybeck Happe, executive vice president & CEO of Towage Manufacturing & Others Thygesen, executive vice president & CEO of Ocean and Logistics Clerc and executive vice president & CEO of APM Terminals Morten Engelstoft.

Chairman of the board of directors Jim Hagemann Snabe said: “We have successfully completed the first phases of our transformation.

“With the structure and Thygesen joining our executive board, Skou and his team are ready execute the next steps in the transformation, ensuring full focus on customer value, strengthening our end-to end delivery capabilities and creating profitable growth.”

Maersk stands an integrated company and it has spent the past years transforming from a diversified conglomerate.

This includes separating out the energy businesses, harvesting synergies between terminals, ocean and from the acquisition of Hamburg Süd as well as utilising technology through digital solutions to optimise operations and create more value for its customers.