Former Maersk executive takes helm as CEO of rival MSC

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02/12/2020 11:49

LONDON, Dec 2 (Reuters) - Soren Toft on Wednesday started
his role as chief executive of Swiss headquartered container
group MSC's shipping and logistics business almost a year after
he was hired from rival A.P. Moller Maersk  MAERSKb.CO .
    Toft was appointed by MSC in November last year but has only
just formally taken up his new job.  urn:newsml:reuters.com:*:nL8N27Y4H5
    MSC, privately owned by the Aponte family, is the world's
second-largest container shipping line and is seen by industry
analysts as a challenger to Maersk's position as the market
leader.
    MSC said Toft would report directly to MSC group's
president, Diego Aponte, and the company's founder and chairman
Gianluigi Aponte.    
    "With his 25 years of experience in leadership roles at
Maersk, and his comprehensive understanding of the future of the
container shipping supply chain, Soren is the ideal match to
help lead MSC into the future at the helm of our family
company," Diego Aponte said.
    The container market is currently experiencing its strongest
earnings in years, boosted by a surge in demand for consumer
goods that liner ships transport due to lockdown restrictions
around the world.  urn:newsml:reuters.com:*:nL1N2HH1OY  urn:newsml:reuters.com:*:nL1N2I40FL
    Toft had most recently served as Maersk's head of
operations. 

 (Reporting by Jonathan Saul. Editing by Jane Merriman)
 ((jonathan.saul@thomsonreuters.com; + 44 207 542 4357 ; Reuters
Messaging: jonathan.saul.thomsonreuters.com@reuters.net))