Maersk fills board and names 2 new CEOs

Maersk fills board and names two new CEOs
20 Dec 2019 https://www.rivieramm.com/news-content-hub/news-content-hub/maersk-fills...

As part of its restructuring programme, Maersk has hired Vincent Clerc and Henriette Thygesen

This follows news that Maersk initiated a round of layoffs in early December.

The company also filled a notable gap as Vincent Clerc took over as chief executive of Ocean and Logistics following the departure of Søren Toft for MSC. Mr Clerc’s appointment is effective immediately.

Henriette Hallberg Thygesen was named chief executive of Towage, Manufacturing & Others where she will be in charge of independent businesses, focusing on their performance as well as fleet management. She was chief executive of Maersk’s tugboat operator Svitzer between 2016 and 2019.

Maersk has closed its dedicated sustainability team, and head of sustainability Annette Stube departed the group this week. The rest of the team moved back into other departments in the company.

AP Moller-Maersk’s chairman of the Board of Directors Jim Hagemann Snabe said “We have successfully completed the first phases of our transformation. With the new structure and Henriette Hallberg Thygesen joining our executive board, Søren Skou and his team are ready to 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 said it was not looking for a chief operating officer to replace Mr Toft, but is actively seeking a new chief financial officer.

The board reshuffle comes in light of Maersk’s new direction. It was reported that the company is stepping back from buying new vessels and focusing on controlling costs and targeting logistics rather than international trade.

Maersk chief executive Søren Skou said he wants half of the company’s income to come from non-ocean services over the next three years.