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Maersk Announces Planned CEO Transition

63973462880d2
BM.GE
12.12.22 17:58
497
Vincent Clerc, currently CEO of the company’s Ocean & Logistics business, will succeed as CEO of Maersk effective January 1st, 2023, according to the company's release.

Soren Skou has contributed to Maersk’s development over almost forty years, of which eleven years as CEO for Maersk Tankers, four years as CEO for Maersk Line and close to seven years as CEO for Maersk.

"For almost seven years I have worked together with my team to change the business model, the culture, the digital backbone, and the results to make Maersk a profitable growth company again. That was the mandate I got as CEO in 2016 and I would like to thank the Board, our main shareholder, my executive team and all my fantastic global colleagues for their trust and support throughout the years.

Now is the right time for Maersk, for Vincent, and for me to make this transition. The Company has executed very well over the past years. We have never been stronger financially and we have an inspiring and visionary plan for the continuation of our global integrator strategy that will guide Maersk for many years to come.

I have worked closely with Vincent for more than a decade and I am confident that he is ready to take the Company to the next level. I look forward to a new chapter in life where I will continue to work at non-executive level and have more time for my family and for other interests", - Soren Skou declared.

Since 2019, Vincent Clerc has been the CEO of Maersk Ocean & Logistics.

"I am thrilled by the trust the Board is showing by giving me the opportunity to lead the next stages of our transformation. It is a privilege for me to lead a company with such a long heritage, strong values, and tremendous potential. I am looking forward, together with the leadership team and all the Maersk colleagues around the world, to take it to the next level, building on the very strong foundation we obtained with Soren at the helm, and delivering on our promises to customers, shareholders, and to the society at large.

On the heels of a pandemic, and now with the war in Ukraine and an energy crisis upon us, there are many tough challenges ahead; challenges that impact us all and where Maersk can make a difference. Companies are rethinking their supply chains in this new environment, they are looking for more stability, and more support on their decarbonisation journey. This represents an incredible business opportunity for Maersk that we all are eager to seize.

It will demand of us that we stay the course on our strategy, delivering on our digitalisation and decarbonisation roadmaps, while keeping a sharper than ever eye on our operational excellence and performance. When we do that, we will make a profound positive impact for all our stakeholders", - Vincent Clerc said.

A.P. Moller - Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. The company operates in 130 countries, and employs more than 100,000 people. Maersk is aiming to become climate-neutral by 2040 with new technology, new vessels, and assets as well as new fuels.

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