Carriers

Maersk chair departs board of German insurance giant due to fear of 'overboarding'

Jim Hagemann Snabe has announced his departure from the board of German insurance giant Allianz, due to investor concerns over too many board commitments.
Maersk's retiring chair, Jim Hagemann Snabe, is still chair of Siemens. | Photo: Sven Hoppe/Reuters/Ritzau Scanpix
Maersk's retiring chair, Jim Hagemann Snabe, is still chair of Siemens. | Photo: Sven Hoppe/Reuters/Ritzau Scanpix
by SIMON LUND CHRISTIANSEN

Retiring Maersk chair Jim Hagemann Snabe is notorious for his many board seats. But in only two weeks, two of them have been let go.

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