Starting 1st of July, Søren Skou is the new CEO of A.P. Møller – Mærsk, replacing Nils S. Andersen, who will leave the Danish group.
This seems to be the beginnning of a new era for the company, as the new management has the task of investigating the strategic and structural options to further increase agility and synergies and to communicate the findings to the Board of Directors by the end of the 3rd quarter 2016.
Søren Skou has been employed with A.P. Møller – Mærsk since 1983 and member of the Executive Board of A.P. Møller – Mærsk since 2006. In 2012 he was appointed CEO of Maersk Line. Søren Skou will remain in this position in addition to his position as CEO for the Maersk Group.
“Søren has strong business acumen and thorough knowledge of the Group’s various businesses and has successfully restructured the businesses he has led. The Board of Directors knows Søren as a respected and knowledgeable leader with the ability to adapt quickly to market changes in close collaboration with the Board of Directors, the executive management and his employees,” says Chairman Michael Pram Rasmussen.
In 2015 Maersk Group was severely impacted by a widening supply-demand gap across most of its businesses, leading to significant oil price and freight rate reductions, but its revenues remaining still at $40 billion. Taking this into account, the “strategic and structural options” may be to separate the group into independent companies.
The news of the appointment increased the stock shares by 10%.