Maersk Board Appoints Family Heir as New Chairman | Investment News

COPENHAGEN (Reuters) – The board of AP Moller-Maersk said on Tuesday it had named family heir Robert Maersk Uggla to be its next chairman as part of a generational transfer within the Danish shipping company.

Current chairman Jim Hagemann Snabe and vice-chairman Ane Maersk Mc-Kinney Uggla, the mother of Robert Maersk Uggla, are not standing for re-election to the board at its March 15 annual general meeting, it said. the company in a press release.

“After three decades on the board, it is time for me to hand over the responsibility to Robert who, with his seven years on the board, has been a driving force in the development of AP Moller- Maersk,” said Ane Maersk McKinney Ugla.

Robert Maersk Uggla, grandson of Maersk Mc-Kinney Moller who turned AP Moller-Maersk into an international conglomerate, is currently the managing director of the Danish shipping giant’s holding company.

The holding company owns 41.5% of the shares and 51% of the voting rights of the listed company Maersk.

Since its dissolution as a conglomerate in 2016, including the sale of its oil and gas business, Maersk has transformed into an integrated logistics company.

Marc Engel, Unilever’s outgoing supply chain director and a member of the Maersk board since 2019, has been named the new vice-chairman, the board said.

(Reporting by Stine Jacobsen; Editing by Jason Neely and Kenneth Maxwell)

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