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Morten Engelstoft to resign from Maersk

CEO of APM Terminals and part of Maersk’s senior management Morten Engelstoft will step down from the Danish company at the end of June this year in order to retire.

After 36 years with Maersk, Morten Engelstoft will resign from the company later this year. | Photo: Maersk

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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