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Shipping giant Maersk replaces CEO with company veteran

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Vincent Clerc takes over helm amid rapid growth for shipping group as it seeks to develop land-based logistics business

Vincent Clerc, who on Monday was appointed new chief executive of Maersk, speaks to media at the shipping company's headquarters in Copenhagen, Denmark, on December 12 2022. Picture: REUTERS/JACOB GRONHOLT-PEDERSEN

“The strong tailwinds that benefited the supply chain industries during the pandemic are coming to an end,” Maersk chair Robert Maersk Uggla told reporters at the group’s headquarters in Copenhagen. Maersk’s share price roughly doubled since Skou took over as CEO in 2016. Skou has overseen the group’s transformation from a conglomerate into an integrated logistics company, a process that included selling its oil and gas business to France’s TotalEnergies in 2017.

Maersk share price fell more than 40% since January’s record high. The share was trading 2.7% lower at midday on Monday, underperforming Copenhagen’s benchmark index .

 

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Shipping giant Maersk replaces CEO with company veteranVincent Clerc takes over helm amid rapid growth for shipping group as it seeks to develop land-based logistics business
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