The responsibilities within the Board of Directors of A.P Moller Maersk will changes dramaticly. Three “old boys” CEO’s Jess Søderberg and Knud E. Stubkjær as well as Maerk Line’s Tommy Thomsen will step down and leave the company. The continuing CEO will be Eivind Kolding. It seems that the changes are the result of the bad finanacial performance of Mearsk Line after the P&O Nedlloyd integration.

As from 1st December 2007 Nils Smedegaard Andersen (CEO of Carlsberg A/S) will take up the position as Group CEO of A.P. Moller - Maersk A/S and withdraw from the Board of Directors of A.P. Moller - Maersk A/S. At the same date Jess Søderberg will resign as Group CEO of A.P. Moller - Maersk A/S.

Originally Jess Søderberg was supposed to retire in 2009. With the advanced management change the Board of Directors has wished to clarify the future management relations and thus keep a constant drive in the company.
By choosing Nils Smedegaard Andersen the Board also wishes to add new yet experienced capacity, which jointly with the other members of the management, will constitute a strong team to lead on A.P. Moller - Maersk A/S and create fur-ther development and higher profitability.

Chairman of the Board Michael Pram Rasmussen says:
“Through his previous work Nils Smedegaard Andersen has gained as well as proven the skills which the Board finds necessary in an ever changing world and in addition he possesses the personal qualities matching the values of the A.P. Moller - Maersk Group. Jess Søderberg has been employed in the group since 1970, since 1993 as Group CEO.

Michael Pram Rasmussen says:
“Jess Søderberg’s achievements and carrier have been remarkable, and Jess Søderberg is well respected both in A.P. Moller - Maersk A/S and outside the Group. In the period where Jess Søderberg has been responsible for the daily management, the company has grown considerably. In close cooperation with Mærsk Mc-Kinney Møller, Jess Søderberg has been the driving force in making the A.P. Moller - Maersk Group the worldwide organisation it is today”

Furthermore a number of changes in Maersk Line have been decided. There will no longer be a dual CEO function, and the continuing CEO will be Eivind Kolding. Knud E. Stubkjær will thus withdraw as CEO of Maersk Line. Knud E. Stubkjær has not wished to continue in alternative position within the Group and has con-sequently decided to leave the Group as from 1st July 2007.

In future APM Terminals will refer to the Group CEO and Tommy Thomsen’s other responsibility areas are included in Maersk Line. Tommy Thomsen has not wished to continue in alternative position within the Group and has therefore de-cided to leave the Group as from 1st July 2007.

Source: AP Moller Maersk

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