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Passing the Reins: Next-Generation Nominated to Lead Maerk’s Board

Mike Schuler
Total Views: 2436
February 15, 2022

Robert Maersk Uggla, the grandson of A.P. Moller-Maersk founder Maersk Mc-Kinney Moller, has been nominated as the Chair of the Board.

Uggla will replace current Chairman Jim Hagemann Snabe, who has served in the role since 2017.

Meanwhile, Marc Engel has also been nominated A.P. Moller-Maersk’s new Vice Chair of the Board, replacing current Vice Chairman Ane Maersk Mc-Kinney Uggla, who has served on Maersk’s Board of Directors since 1991 and has been Vice Chairman since 2003. Uggla, who is Maersk Mc-Kinney Moller youngest daughter, is also Chairman of the Board of Directors of A.P. Moller Holding, which initiated Maersk’s transformation from a diversified shipping and energy conglomerate to an integrated transport and logistics company in 2016.

“The transformation of A.P. Moller – Maersk into an integrated container logistics company is well underway as a result of the efforts of the Board of Directors, the management led by Søren Skou and the many dedicated employees,” said Uggla. “After three decades on the Board, it is time for me to pass on the responsibility to Robert, who with his 7 years on the Board of Directors has been a driving force in the development of A.P. Moller – Maersk. I would like to thank Jim for his vital role in the transformation, which he has executed with persistence and loyalty to the company’s history, name and long-term interests. Jim is handing over a strong company and a solid foundation for further development, and I am pleased that we will continue to benefit from Jim’s knowledge and insight.”

Robert Mærsk Uggla has been CEO of A.P. Moller Holding since 2016, where he is leading the A.P. Moller Group’s renewal and investments.

“I am very humbled to accept the nomination as Chair of the company. We initiated the restructuring and renewal of A.P. Moller – Maersk in 2016 and have come a long way on many fronts,” he said. “I am grateful for Ane and Jim’s contributions to the company and their personal support also in the future. I look forward to continuing A.P. Moller – Maersk’s transformation in close cooperation with Marc Engel, the Board and management.”

Jim Hagemann Snabe will continue as an advisor to the new Chair of the Board and the Board of Directors.

“It has been a privilege to be part of the reinvention of this unique company. The focus on the core business and the development of new capabilities within logistics, digitalization and sustainability has been key to transforming the company,” said Hagemann Snabe. “Robert has been involved all the way and during his time on the board has played a central role in the restructuring and transformation. The timing of a generational change is therefore well chosen. I know that Robert with dedication will build on the momentum that is now established and I look forward to contributing to the company’s continued development in the role of advisor to Robert and the rest of the board.”

Marc Engel has served on A.P. Moller – Maersk’s Board of Directors since 2019 and sits on the Board’s Transformation & Innovation Committee. Engel is also the outgoing Chief Supply Chain Officer of Unilever and has extensive executive experience of global operations and supply chains, logistics, procurement and sustainability.

All changes will take place after the Annual General Meeting scheduled for March 15, 2022.

Maersk has benefitted from high freigth rates and disruptions in the global supply chain which helped the company to a record $24 billion profit in 2021, it’s highest ever.

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