MCKINSEY REVIEWS NOL’S STRATEGY, STRUCTURE
The Singapore-based money-losing group Neptune Orient
Lines said that management consultant McKinsey & Co. will review the company’s
strategic direction and structure.
Flemming Jacobs, the new president and chief executive officer of the
NOL group, said that the departure of chief financial officer Cedric Foo has been taken
into account in the organizational review currently underway.
The details of the review will be finalized within the next two months,
NOL is the parent company of APL.