The Board of Directors of A. P. Møller – Mærsk A/S announces planned CEO transition

Soren Skou retires as CEO of A. P. Møller – Mærsk A/S, handing the baton to Vincent Clerc, who is appointed new CEO.

Since 2016 Soren Skou has led the transformation of A. P. Møller – Mærsk A/S (Maersk) from a diversified conglomerate to an integrated logistics company and set the business on a new growth trajectory. Vincent Clerc, currently CEO of the company’s Ocean & Logistics business, will succeed as CEO of Maersk effective January 1st, 2023.

Chair of the Board of Directors, Robert M. Uggla, says:

– Soren has contributed to our Group’s development over almost forty years, of which eleven years as CEO for Maersk Tankers, four years as CEO for Maersk Line and close to seven years as CEO for Maersk. During his tenure as CEO of Maersk, Soren has been instrumental in redefining Maersk into a customer centric end-to-end logistics provider with a global leadership position in sustainable transportation solutions. On behalf of the Board, I sincerely thank Soren for his valued leadership and impressive results. I am equally grateful for Soren’s support in the CEO succession review making sure the Company does not lose any momentum in its strategic endeavors in a changing and difficult market.

On Vincent Clerc succeeding Soren Skou, Robert M. Uggla adds:

– The Board is pleased to announce Vincent Clerc as the new CEO of Maersk. Since 2019, Vincent has been the CEO of Maersk Ocean & Logistics, which contributes a significant part of the company’s invested capital and results. He has been a pivotal leader for Maersk’s transformation, demonstrating great strategic acumen, an ability to execute complex plans and deliver long term shareholder value through compelling customer solutions. The strong tail winds that benefited the supply chain industries during the pandemic are coming to an end. With an increasingly challenging outlook, the Board believes Vincent holds the right experience and capabilities as CEO to pursue and oversee Maersk’s strategic and organizational development in the years to come.

Soren Skou leaves Maersk with gratitude and pride. Skou says:

“For almost seven years I have worked together with my team to change the business model, the culture, the digital backbone, and the results to make Maersk a profitable growth company again. That was the mandate I got as CEO in 2016 and I would like to thank the Board, our main shareholder, my executive team and all my fantastic global colleagues for their trust and support throughout the years.

Now is the right time for Maersk, for Vincent, and for me to make this transition. The Company has executed very well over the past years. We have never been stronger financially and we have an inspiring and visionary plan for the continuation of our global integrator strategy that will guide Maersk for many years to come.

I have worked closely with Vincent for more than a decade and I am confident that he is ready to take the Company to the next level. I look forward to a new chapter in life where I will continue to work at non-executive level and have more time for my family and for other interests.”

Source: maersk.com

Photo: Soren Skou and Vincet Clerc (maersk.com)