Maersk expects profit hike on strong demand and Red Sea crisis
AP Møller-Maersk has raised its full-year earnings guidance amid “strong container market demand”. The Danish ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
Maersk Line has announced that its chief operating officer Søren Toft has decided to leave the company.
In a surprise statement, the Danish operator said Mr Toft “has decided to pursue an opportunity outside of the company and will leave, effective today”.
The responsibilities as chief operating officer will, in the interim, be taken on by chief executive Søren Skou.
“The executive board will hereafter consist of Søren Skou, chief financial officer Carolina Dybeck Happe, chief commercial officer Vincent Clerc and Morten Engelstoft, chief executive of APM Terminals,” said Maersk.
“I have worked with Søren for many years, and I appreciate his many contributions to AP Møller-Maersk. He leaves an agile and strong operating organisation and we all wish Søren the very best in the future,” said Mr Skou.
Mr Toft was appointed Maersk Line chief operating officer in 2014, and a little under two years ago was promoted – along with Mr Clerc and Mr Englestoft – to the Maersk group management board and was heavily involved in its takeover of Hamburg Süd. He has been a key figure in in Maersk’s subsequent strategic reorientation to become a “container logistics integrator”.
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