Maersk heir becomes CEO of A.P. Moller Holding

JUNE 13, 2016 — Robert M. Uggla, 38, grandson of shipping industry icon Mærsk Mc-Kinney Møller, is stepping down as CEO of Maersk-owned tug boat operator Svitzer and leaving listed company A.P. Møller - Mærsk A/S to become CEO of A.P. Møller Holding which owns 41.5 percent of shares and 51 percent of voting rights in the listed company.

Mr. Uggla, who started his career in the finance industry, joined A.P. Møller - Mærsk A/S in 2004 and has been a member of the Board of Directors of A.P. Møller - Mærsk A/S since March, 2014.

"I would like to thank Robert for his contribution in his 12 years with the Maersk Group. Robert has held several senior management positions in the Group, amongst others as Managing Director of Maersk Line's activities in the Arabian Gulf and as Managing Director of the Brostrom tanker activities, which has given him valuable insight into the company and where he has delivered good results," said Maersk Group CEO Nils S. Andersen. "The last four years as CEO of Svitzer, Robert has successfully restructured the company. He has improved both financial and safety performance and ensured a strong pipeline of long-term contracts, which will drive future growth. I wish Robert continued success in his new role as CEO of A.P. Møller Holding."

The new CEO of Svitzer, Henriette H. Thygesen, has been with the Maersk Group for 22 years, of which the last nine with Damco. She holds a Master of Science, a PhD in Applied Mathematics, and an Executive MBA from Columbia University, New York and London Business School.

"During her 22 years with the Maersk Group, Henriette has demonstrated her abilities and business insight. With her extensive global experience and strong leadership capabilities, she will focus on the continued growth of Svitzer and top-quartile performance," says Morten H. Engelstoft, Chairman of the Board of Svitzer.

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