Morten Engelstoft, currently Chief Executive of A.P. Moller Shipping Services has been appointed APM Terminals CEO effective November 1, 2016. Morten succeeds Kim Fejfer, currently CEO of APM Terminals and Executive Board member in the A.P. Moller-Maersk Group, who will take up a new role in APM Holding A/S in Copenhagen, Denmark.
“Morten Engelstoft has a strong track record of delivering results, deep operational experience and is an excellent people leader. I am confident that APM Terminals under Morten´s leadership will continue to thrive as one of the world´s largest terminal operators and successfully execute on APM Terminals’ priorities of costs, productivity and winning new third party business,” said Søren Skou, CEO of A.P. Møller - Mærsk A/S.
Michael Pram Rasmussen, Chairman of the Board of Directors in A.P. Møller - Mærsk A/S, thanks Kim Fejfer for his contributions: "Succeeding Kim Fejfer, who during the last 12 years has developed APM Terminals into one of the world’s largest and most successful port operators with outstanding results, is a tall order. Kim has expressed a desire to take on a new challenge when timing was right. On behalf of the A.P. Møller - Mærsk Board and the Company's employees, I want to thank Kim for his leadership, cooperation and commitment over the years. We wish Kim every success in his new role," said Rasmussen.
Kim Fejfer, currently CEO of APM Terminals and Executive Board member in the Maersk Group will take up a new role related to APM Holding A/S.
Reflecting on his decision to leave APM Terminals, Kim Fejfer said, "It has been an honour and a privilege to lead the build-up of APM Terminals over the last 12 years. I am extremely proud of the accomplishments that our team has achieved. Today APM Terminals is a core business within the Group and has significant potential for further growth,” Fejfer continued, “It was a tough decision to leave APM Terminals after so many years, but with the new Group strategy in place and a very qualified successor available, I feel the business will be in good and very capable hands."
APM Terminals is today represented in 69 countries through 75 ports and terminals and 140 inland services locations, serving 60 global shipping lines. By focusing on the core business of port operations, the company’s results and return on invested capital has increased significantly and evolved into a stronger, more sustainable business with a long term growth ambition.
Morten Engelstoft added, “I look forward to joining APM Terminals. Kim has done an excellent job and over the years, APM Terminals has evolved into a sustainable company with long term ambition. I look forward to working with the team as we enter the next chapter which will see us focus on getting more efficiency and utilization from our terminal network while continuing to build business with our global customers.”
