Viking Blood Spilled / A Brewer Takes the Helm

Carlsberg's Nils Smedegaard Andersen named as CEO

As from 1st December 2007 Nils Smedegaard Andersen (CEO of Carlsberg A/S) will take up the position as Group CEO of A.P. Moller - Maersk A/S. At the same date Jess Søderberg will resign as Group CEO of A.P. Moller - Maersk A/S.

Originally Jess Søderberg was supposed to retire in 2009, but by making an announcement in advance, the Board of Directors hope to clarify the future direction of the company. Jess Søderberg has been employed in the group since 1970, since 1993 as Group CEO.

By choosing Nils Smedegaard Andersen the Board also wishes to add new, yet experienced capacity, which jointly with the other members of the management will constitute a strong team to lead on A.P. Moller - Maersk A/S and create further development and higher profitability.

Furthermore a number of changes in Maersk Line have been decided. There will no longer be a dual CEO function, and the continuing CEO will be Eivind Kolding. Knud E. Stubkjær will thus withdraw as CEO of Maersk Line. Knud E. Stubkjær has not wished to continue in alternative position within the Group and has consequently decided to leave the Group as from 1st July 2007.

In future APM Terminals will report to the Group CEO and Tommy Thomsen's other responsibility areas will be included in Maersk Line. Tommy Thomsen has not wished to continue in alternative position within the Group and has therefore decided to leave the Group as from 1st July 2007.