Morten Engelstoft will step down as chief executive of A.P. Møller-Maersk’s port company, APM Terminals, later this year in order to retire, according to a Maersk statement issued Monday morning.
Engelstoft, 55, will resign from Maersk, where he’s also part of the senior management, on June 30. He has been with the group for more than three decades, 36 years to be precise, Maersk writes.
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