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2017 February 15   09:33

Peder Sondergaard elected as director of Global Ports Investments

Global Ports Investments PLC announces that the Company held its Extraordinary General Meeting of the Members and elected Mr. Peder Sondergaard as a director of the Company until the next annual general meeting of shareholders of the Company with no remuneration

Mr. Sondergaard was appointed Chief Portfolio Officer of APM Terminals in January 2017. He is responsible for all joint venture terminals and for future port investments and divestments, as well as overall portfolio management.

Mr. Sondergaard had previously served as the Head of APM Terminals' Asia, Middle East, Africa and North Asian port and terminal operations.

Mr. Sondergaard has been with the A.P. Moller-Maersk Group for more than 25 years. Previously holding the position of APM Terminals' Senior Vice President and Head of New Terminals, he was named A.P. Moller-Maersk Group Senior Vice President in May 2007. Initially serving at sea, Mr. Sondergaard subsequently gained extensive experience from a variety of shore-based managerial positions within the Group in the USA, Taiwan, China and Denmark.

Mr. Sondergaard has completed a Master's Certificate, as well as several Management Courses at the London Business School, Cornell University in Ithaca, New York, IMD in Switzerland and the Harvard Business School in Cambridge, Massachusetts.

Global Ports Investments PLC is the leading operator of container terminals in the Russian market. Global Ports’ terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dik in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). Global Ports also owns inland container terminals Yanino Logistics Park and Logistika-Terminal, both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil product terminal AS Vopak E.O.S. in Estonia.

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