By Dominic Chopping


A.P. Moeller-Maersk AS said Monday that it has appointed Vincent Clerc as the company's new chief executive officer from Jan. 1, 2023, as the company enters a tougher environment with lower freight rates and mounting macroeconomic headwinds.

Mr. Clerc currently serves as chief executive of Maersk's Ocean & Logistics business and has been key in the company's transformation into an integrated logistics provider, the company said. He has been with the group for 25 years.

"With an increasingly challenging outlook, the board believes Vincent holds the right experience and capabilities as CEO to pursue and oversee Maersk's strategic and organizational development in the years to come," said Chairman Robert M. Uggla.

Maersk's current CEO, Soren Skou, will leave the company after nearly 40 years. He has served as group CEO since June 2016.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

12-12-22 0422ET