Maersk heir takes top post in holding company

[COPENHAGEN] AP Moller-Maersk on Monday appointed the grandson of Maersk Mc-Kinney Moller, who transformed a family shipping business into an international conglomerate, as chief executive of the holding company behind the Danish shipping giant.

Robert M Uggla, 38, who has been CEO of Maersk-owned tug boat operator Svitzer since 2012, will take on the position as CEO of AP Moller Holding on Sept 1, the company said in a statement.

AP Moller Holding, wholly-owned by a fund established in 1953 by the founder of AP Moller Maersk, owns 41.5 per cent of shares and 51 per cent of voting rights in the listed company AP Moller-Maersk A/S.

Mr Uggla first joined the company in 2004 and has been a member of the board of directors of AP Moller-Maersk A/S since March, 2014.

To replace Mr Uggla as CEO at Svitser, the company has appointed Henriette Thygesen, who comes from a position as CEO for the Americas in Maersk's logistics company Damco.

REUTERS