Morten Engelstoft has been appointed CEO of Services & Other Shipping in Maersk. The appointment will have effect from January 1, 2014. In addition Morten Engelstoft will take over the position as CEO for Maersk Tankers, as Hanne B. Sørensen has been appointed CEO of Damco. The changes in Maersk Tankers and Damco will also be effective from January 1, 2014, Maersk Group says in a press release.
Services & Other Shipping consists of Damco, Maersk Tankers, Maersk Supply Service and Svitzer. The target for Services & Other Shipping is to reach USD 500 million in operational profit by 2016.
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