In addition, Engelstoft will take over the position of CEO for Maersk Tankers, while Hanne B. Sørensen, who formerly held this role, will become CEO of Damco. The changes at Maersk Tankers and Damco take effect Jan. 1.
Services and Other Shipping consists of Damco, Maersk Tankers, Maersk Supply Service and Svitzer. The target for Services and Other Shipping is to reach $500 million in operational profit by 2016, the company said.
Engelstoft was formerly chief operating officer of Maersk Line, while Sørensen most recently headed Maersk Tankers. Sørensen replaces Rolf Habben-Jansen at Damco, who announced his departure in September.
Søren Toft will replace Engelstoft as COO of Maersk Line. He joined Maersk in 1994 and has held several positions in the group, including most recently as head of network planning at Maersk Line.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now