John F. Reinhart will retire as president and CEO of Maersk Line Limited at the end of January 2014.
“I have been blessed to be part of the A.P. Moller-Maersk Group for almost 23 years, and it has been my privilege and honor to work together with you for the past 14 years,” Reinhart wrote to colleagues. “I will be working with the board and leadership team to finalize a smooth transition plan for the future.”
Maersk Line Limited, the U.S.-flag subsidiary of Maersk Line, expects to announce Reinhart’s replacement when its succession plan is set.
“MLL has a strong team and financial base, and the company is in position to continue its 30-year tradition of service and growth,” Reinhart said.