Maersk Chairman to Leave Board as Family Member Takes Over
- Snabe has been criticized for too many board memberships
- Great-grandson of company’s founder takes over as new chairman
Jim Hagemann Snabe
Photographer: Andreas Gebert/BloombergThis article is for subscribers only.
A.P. Moller-Maersk A/S’s chairman, Jim Hagemann Snabe, is leaving his position to pave the way for a Maersk family member to take over the job of overseeing the Danish shipping giant.
Robert Maersk Uggla, the great-grandson of the company’s founder, has been nominated to become chairman at next month’s annual general meeting. Uggla, 43, is chief executive officer of AP Moller Holding A/S, which invests the wealth of the Maersk family.