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Maersk heir to replace current Chair and Vice-Chair on Board of Directors

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Chairman Jim Hagemann Snabe and Vice-Chair Ane Maersk Mc-Kinney Uggla of AP Moller-Maersk have paved the way for the next generation, as they decided not to stand for reelection to the Board of Directors, thereby, nominating the family heir, Robert Maersk Uggla to be its next Chairman. Marc Engel, who has been on the Maersk Board since 2019 has been nominated as the Vice-Chair. The announcement was made on 15th March at the Danish shipping company’s annual general meeting.

“Jim Hagemann Snabe has informed the Board of Directors that he does not stand for re-election and will step down as Chair of the Board of Directors when his current election period expires at the Annual General Meeting which will be held on Tuesday 15 March 2022,” the group said on Tuesday.

After three decades on the board, it is time for me to pass on the responsibility to Robert who with his seven years on the board of directors has been a driving force in the development of A.P. Moller-Maersk.”

~ Ane Maersk Mc-Kinney Uggla, Vice-Chair, AP Moller-Maersk

For Uggla, the green energy transition, entry into logistics and a generational change in management stand as three major pillars that will demand his new role’s attention.

The Moller-Maersk empire was transformed by Robert Maersk Uggla’s grandfather Maersk Mc-Kinney Moller. Robert is currently the CEO of the holding company behind the once international conglomerate. The holding company owns 41.5% of shares and 51% of voting rights in the listed Maersk business. 

Currently, Maersk has been working towards strengthening its position as the top integrated logistics company, after selling its oil and gas business.

Courtesy: Reuters

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