A news release from AP Møller-Mærsk has confirmed that Morten Engelstoft has been appointed CEO of the Services & Other Shipping division at the company, an appointment that comes into effect from 1 Jaunary 2014.

In addition, Engelstoft will also take over the position as CEO for Maersk Tankers, as Hanne Sørensen has been appointed as the new CEO of freight forwarding specialist Damco.

“The Group is fortunate to have highly experienced leaders to choose from internally,' said Group CEO Nils Andersen. 'This makes it possible for us to maintain momentum and keep focus on the business. Both Morten Engelstoft and Hanne Sørensen leave behind strong and dynamic organisations with talented teams well prepared for the future.

Meanwhile, Søren Toft will replace Morten Engelstoft as chief operating officer of Maersk Line.