MAERSK is
about to start again after 200 job cuts and loss of several executives, but its
old operations
chief Soren Toft's arrival to manage Mediterranean Shipping Co (MSC) is
what has industry tongues wagging today, reports London's Lloyd's List.
Mr Toft's arrival at MSC could mark the start of a
radical shake-up within the Aponte-owned group's container shipping
business, as he know the intimate secrets of the world's two biggest
players in container shipping.
With news of Mr Toft's defection followed by the
resignation of chief financial officer Carolina Dybeck Happe and some other
top-level departures, there has been plenty of industry talk that all was not
well at Maersk, said Lloyd's List.
But the company has had frequent clear-outs over the
years, the last in 2015 when chief commercial officer Stephen Schueler was one
of around 4,000 casualties as the headcount was culled over a couple of years.
In the interim, there have been several more senior
executive lay-offs, most notably group chief executive Nils Andersen in 2016,
while Jakob Stausholm quit as chief financial officer in mid-2018.
None of which should be particularly surprising in a
group that is going through such a huge restructuring by merging separate
standalone businesses into a single company. Not every face fits in the new
set-up.
Source : HKSG.
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