Daily Management Review

Head of Maersk Energy Division to step down


04/04/2019


Deputy CEO of A.P. Moller-Maersk and Head of the energy division of the company Claus V. Hemmingsen will step down his post and leave the company as part of the restructuring, Maersk said in a statement.



Maersk Line via flickr
Maersk Line via flickr
"At the end of June 2019, Claus Hemmingsen will leave the post of Deputy General Director of AP Moller-Maersk A/S (APMM) and General Director of the energy division and leave the company, having successfully completed separation of divisions related to the oil and oil industry from APMM", - the release notes.

Hemmingsen began work at Maersk in 1981. For many years, he held various management positions, including Head of the drilling unit. In 2007 he joined the board of directors, and in 2016 he became Deputy General Director and Head of the company's energy division.

The board of directors of Moller-Maersk decided to allocate the drilling business to an independent company at the end of February, and on Tuesday this decision was approved by the shareholders. Listing of the new company is scheduled for the Copenhagen Stock Exchange on April 4th.

Maersk was founded in 1904 in the Danish city of Svendborg. It works in 130 countries, the staff totals about 80 thousand people. Net profit in 2018 was $ 3.22 billion against a loss of $ 1.16 billion in 2017.

source: reuters.com






Science & Technology

Analysts: Google Search is losing clicks

Microsoft admits wiretapping users

French Optic 2000 unveils smart glasses

You Can Wear Your New Air Conditioner With Your Clothes

Research: Anonymous data is not so anonymous anymore

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

'Russia's Google' Yandex Was Hacked By Western Intelligence For Spying: Reuters

World Politics

World & Politics

European Social Democrats are losing ground

Hong Kong's richest citizen calls to stop violence and unrest in the city

UK railway operators exit Interrail system

Dozens of British Airways flights canceled or delayed due to computer malfunction

China keeps importing Iranian oil in spite of US sanctions

Marijuana legalization: Did Canada benefit from cannabis boom?

Republicans and Democrats focus on carbon pricing

Iran Hints It May Swap Seized Tankers With The UK