Maersk names Morten Engelstoft as CEO for Services & Other Shipping
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Morten Engelstoft has been appointed CEO of Services & Other Shipping in Maersk. The appointment will have effect from January 1, 2014. In addition, Morten Engelstoft will take over the position as CEO for Maersk Tankers, as Hanne B. Sørensen has been appointed CEO of Damco. The changes in Maersk Tankers and Damco will also be effective from January 1, 2014, the Company said in a press release.
Services & Other Shipping consists of Damco, Maersk Tankers, Maersk Supply Service and Svitzer. The target for Services & Other Shipping is to reach USD 500 million in operational profit by 2016.
Søren Toft will replace Morten Engelstoft as COO of Maersk Line. Søren Toft joined Maersk in 1994 and has held several positions in the Group. He comes from a job as Head of Network Planning in Maersk Line. Prior to this he has held various positions in Operations both in Headquarters, Germany and Indonesia.