APMT’s Fejfer to step down
APM Terminals’ chief executive Kim Fejfer is to step down from his position on November 1 to make room for Morten Engelstoft, currently chief executive of APM Shipping Services and of Maersk Tankers, in the APMT hot seat.
The move coincides with a major re-shuffle at parent group AP Møller-Mærsk which will see the company split into two distinct divisions: a Transport & Logistics division and an Energy division. APM Terminals will fall into the Transport & Logistics division along with Maersk Line, Damco, Svitzer and Maersk Container Industry.
Søren Skou, group chief executive, will take up the position of chief executive of the new Transport & Logistics division.
Explaining the split, chairman of the board, Michael Pram Rasmussen said: “The industries in which we are operating are very different, and both face very different underlying fundamentals and competitive environments. Separating our transport and logistics businesses and our oil and oil related businesses into two independent divisions will enable both to focus on their respective markets.”
Discussing Mr Morten’s APMT appointment, Mr Skou said: "Succeeding Kim Fejfer, who during the last 12 years has developed APM Terminals into one of the world’s largest and most successful port operators with outstanding results, is a tall order.”
Mr Rasmussen added: “Kim has expressed a desire to take on a new challenge when timing was right. On behalf of the AP Møller-Mærsk Board and the company's employees, I want to thank Kim for his leadership, co-operation and commitment over the years. We wish Kim every success in his new role," said.
Mr Fejfer will take up a new role related to AP Møller Holding A/S.
LATEST PRESS RELEASES
Taylor Machine Works, Inc. is proud to announce the release of the ZLC Series. Read more
Bruks Siwertell’s proven technology and delivery capabilities secures new ship loader contract from Martin Operating Partnership
Bruks Siwertell’s proven technology and delivery capabilities secures new ship loader contract from ... Read more
Kuenz recently delivered a rail-mounted container crane to the Netherlands that features a lifting c... Read more
Taylor is proud to announce a new focus on the International markets for heavy industrial lift equip... Read more
The Aqaba Container Terminal (ACT) is the only container port in Jordan and the primary trade gatewa... Read more
Terminal Intermodale Venezia (TIV), part of Hili Company, has gone live with Navis N4 TOS. On Sunday... Read more