Morten Engelstoft, current APM Terminals Chief Executive Officer, has decided to retire. He will be succeeded in the CEO role by current COO Keith Svendsen, with Henriette Hallberg Thygesen appointed as the company’s new Chairperson.
Following a successful 36 year career with A.P. Moller – Maersk, Morten Engelstoft has decided to retire from the company during summer 2022 and will consequently step down from his role as Chief Executive officer at APM Terminals. Succeeding him effective July 1st will be Keith Svendsen, who has been the company’s Chief Operating Officer since 2017.
Morten Engelstoft joined Maersk in 1986 and he has served in many different roles in seven countries, including the position as CEO of Maersk Shipping Services and earlier COO of Maersk Line. In 2016, he became the CEO of APM Terminals, where he led the company through a very successful turnaround, shaping it into a business with a positive performance trajectory that delivers attractive, stable, and high returns.
With APM Terminals as COO since 2017, Keith Svendsen has been a key driver of the company’s strategic direction. Prior to joining Terminals, he held several senior positions within Maersk Line, most recently as Vice President and Head of Operational Execution.
With Morten Engelstoft’s retirement, APM Terminals will be represented at A.P. Moller – Maersk Executive Board level by Henriette Hallberg Thygesen, who is at the same time appointed new Chairperson of APM Terminals, taking over that role from Soren Skou. Also, as of July 1, Henriette Hallberg Thygesen will take over from Morten Engelstoft as Executive Sponsor of Safety within A.P. Moller – Maersk.
Background of Henriette Hallberg Thygesen:
Executive Vice President Henriette Hallberg Thygesen (50) has been with A.P. Moller – Maersk since 1994 where she has held various senior positions in Spain, China, USA, and Copenhagen for Svitzer, Maersk Tankers, Maersk Oil, Maersk Logistics/Damco. In addition to the role as Chair of APM Terminals, Henriette Hallberg Thygesen will also assume Executive Board responsibility for Safety & Resilience, which includes Crisis Management across A.P. Moller – Maersk.
Background of Keith Svendsen:
Keith Svendsen (49) has been with A.P. Moller – Maersk since 1990. Since 2017 he has been the Chief Operating Officer in APM Terminals. Before that, he held several senior positions in China, UK, Turkey, Denmark, and The Netherland for Maersk Line, Maersk Logistics/Damco, and APM Terminals
Background of Morten Engelstoft:
Executive Vice President Morten Engelstoft (55) has been with A.P. Moller – Maersk for 36 years. Engelstoft has had a long tenure with Maersk Line and other brands, including postings in USA, Vietnam, Taiwan, Singapore, and Italy. In 2007, he was appointed Chief Operating Officer for Maersk Line, a role he held until 2014 when he was appointed CEO of APM Shipping Services which included roles as CEO of Maersk Tankers. He became CEO of APM Terminals in 2016 and a member of the Executive Board of A.P. Moller – Maersk in 2017
