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New CEO appointed for Maersk Tankers

Morten Engelstoft

Morten Engelstoft has been appointed CEO of Maersk Tankers with effect from January 1, 2014 following Hanne B. Sørensen’s appointment as CEO of Damco. Morten Engelstoft has also been appointed CEO of Services & Other Shipping which consists of Maersk Supply Service, Maersk Tankers, Svitzer and Damco.

Maersk Tankers is one of four businesses in Services & Other Shipping which consists of Maersk Supply Service, Maersk Tankers, Svitzer and Damco. The target for Services & Other Shipping is to strengthen the next level of businesses in the Group and reach USD 500 million in operational profit by 2016.

“The Group is fortunate to have highly experienced leaders to choose from internally. This makes it possible for us to maintain momentum and keep focus on the business,” says Group CEO Nils S. Andersen.

Morten Engelstoft brings with him several years of experience from the Maersk Group, and currently holds the position COO of Maersk Line.

"Hanne B. Sørensen has done a great job repositioning Maersk Tankers, and focused the business on product tankers. I look forward to carrying on this work. Together with the businesses CEO’s in Services & Other Shipping, I also look forward to defining a plan for future growth. They all have significant potential and I will ensure that they get the necessary focus to realise exciting long-term developments,” says Morten Engelstoft.

Hanne B. Sørensen leaves her position as CEO of Maersk Tankers to become CEO of Damco after Rolf Habben-Jansen, who announced his departure in September 2013.

“I have enjoyed being in Maersk Tankers. It’s an organization of fantastic people who have given their fullest and worked on trimming and focusing the company despite difficult conditions, an effort recognized by the Group. Maersk Tankers is now ready to look ahead, so this is a good time for me to pass on the baton,” says Hanne B. Sørensen.

Maersk Tankers owns and operates a large fleet of carriers and product tankers. Maersk Tankers fleet is one of the largest, most modern and most diversified independent fleets in the world.

For further comments please contact:
Head of Media Relations, A. P. Moller – Maersk, Louise Münter
+45 40 48 66 34
louise.munter@maersk.com

Resume:
Morten Engelstoft
(46) has been appointed CEO of Services & Other Shipping and CEO of Tankers. He joined A.P. Møller – Maersk in 1986 and has held several positions in the Group. He has most recently held the position as COO of Maersk Line. Morten Engelstoft holds an Executive MBA from IMD (2005).