Robert Maersk Uggla, Grandson of Maersk Mc-Kinney Moller, has been appointed as the CEO of holding company A.P. Moller Holding, which owns 45.1% of shares and 51% of voting rights in A.P. Møller–Mærsk, according to gCaptain.
Mr Uggla will replace Martin Gottlob and step into the role of CEO of A.P. Moller Holding on September 1, 2016, having previously taken up the position of CEO of Maersk-owned tugboat operator Svitzer.
Ane Maersk Mc-Kinney Uggla, Robert’s mother and Chairman of A.P. Moller Holding, said: “Given the development of A.P. Moller Holding, now is the right time to strengthen the organisation, starting with the recruitment of a new CEO.”
Maersk’s carrier division Maersk Line has recently been busy with optimising its existing fleet networks, having recently announced improvements to its Asia-Northern Europe network.
Maersk Line is also planning to eliminate overlapping port pairs in a bid to reduce the number of port calls in the network.
Maersk Line recently opted into a deal with aluminium producer RUSAL, where it intends to cooperate with cargo transportation in the long term.
The shipping line has recently responded to scrutiny that over the use of scrapping yards in Alang, India, stating that it has not lowered its standards or changed policies.
In financial terms, the shipping line has been able to ride out the weak demand and the slump in freight rates, after posting a more than US$30 million profit in Q1, 2016.