Damco has named Hanne B. Sørensen as CEO, effective Jan. 1, 2014.
Sørensen will succeed Rolf Habben-Jansen, who is joining Hapag-Lloyd.
Sørensen has been with Damco’s parent company, Maersk, for 19 years, most recently as CEO of the Tankers division. She will report to the newly appointed CEO of the Services & Other Shipping segment, Morten Engelstoft, who will report directly to the group CEO.
“The group is fortunate to have highly experienced leaders to choose from internally,” Nils S. Andersen, A.P. Moller-Maersk Group’s CEO, in a written statement. “This makes it possible for us to maintain momentum and keep focus on the business.”
Damco is one of four businesses in Maersk Group’s Services & Other Shipping division, which also comprises Maersk Supply Service, Maersk Tankers and Svitzer. The target for Services & Other Shipping is to reach $500 million in operational profit by 2016, although Damco specifically has been struggling so far in 2013.