Damco

Klaus Rud Sejling, currently head of East West Trades at Maersk Line, has been appointed chief executive officer of Maersk Group’s logistics arm Damco.

Sejling will succeed Hanne B. Sørensen, who is leaving Maersk Group.

Sejling joined Maersk in 1997 and has worked in various roles in Maersk Tankers and Maersk Line before joining Maersk Logistics as branch manager and later as chief commercial officer for Greater China. Most recently, he has been head of Group Strategy, and chief operating officer and chief commercial officer of Maersk Tankers, before rejoining Maersk Line as Head of East West Trades in 2014.

“Klaus Rud Sejling has had a very impressive 20-year career with the Maersk Group and has held a number of leadership positions in many of our Business Units, including a four-year-period in Maersk Logistics — today called Damco,” said Søren Skou, Maersk Group ceo.

Sejling said he was looking forward “to continue to drive growth and leverage synergies across the Transport and Logistics division.”

The Copenhagen-based Maersk Group said Sejling’s replacement at Maersk Line will be announced at a later stage. Sørensen took over as ceo of Damco, based in The Hague, Holland, in January 2014, after serving as ceo for Maersk Tankers from 2012 to 2014.

Damco is a leading provider of freight forwarding and supply chain management services. The unit had revenues of $2.74 billion, with a profit of $19 million in 2015.

Last week, parent company A.P. Møller — Maersk AS said it was divided into two independent divisions, an integrated Transport & Logistics division and an Energy division.

The company’s board said this will ensure a focus on driving synergies and developing new products and services in Transport & Logistics, as well as focus on separately developing structured solutions for its oil and oil-related businesses.

Transport & Logistics will consist of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry based on a one-company structure with multiple brands. The mission of these businesses will be to enable and facilitate global supply chains and provide opportunities for our customers to trade globally.

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