Former BP Head Joins Maersk Tankers’ Board


Paul Reed, former Chief Executive of BP’s Integrated Supply and Trading division, will join Maersk Tankers’ Board of Directors as Vice Chairman.

Reed has worked for 37 years with BP where since 2010 he has led the oil major’s Integrated Supply and Trading division to become one of the industry’s largest oil and gas traders, serving over 12,000 customers across more than 140 countries.

Robert M. Uggla, CEO of A.P. Møller Holding and Chairman of Maersk Tankers’ Board of Directors, said: “I am proud to welcome Paul to Maersk Tankers’ Board. He brings a wealth of experience, which will contribute to the development of Maersk Tankers.

“Paul comes from one of the largest customers of Maersk Tankers and our industry.

“He has been recognized for embracing new technologies to develop one of the industry’s most successful trading platforms.

“As a leader, he holds a compelling record of building strong teams, embracing diversity of thought.”

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Reed has held various leadership positions in BP’s global business, especially in commercial and trading functions. He also has board positions at ICE Futures Europe and Marquard and Bahls.

On his new position, Reed (pictured above) commented: “I am excited to work with such a dynamic team in one of the industry’s leading companies as they embrace the opportunities of new technologies and face the challenges of an evolving market.”

Reed graduated in Classics from Durham University and attended the Programme for Management Development at the Harvard Business School. Reed retired from BP in 2017.

Read more: AP Moller-Maersk has signed an agreement to sell Maersk Tankers to its controlling shareholder for US$1,171 Million in an all-cash transaction

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