PortandTerminal.com, November 15, 2019
Former Maersk COO Soren Toft has landed the top job at 2M alliance partner MSC. It is not clear how a reorganisation at MSC will be handled. The current president and chief executive is Diego Aponte, the son of controlling shareholder Gianluigi Aponte.
GENEVA, SWITZERLAND– Søren Toft will take over the position as CEO at Maersk’s competitor and alliance partner MSC, a number of sources with knowledge on the matter confirm to the Danish maritime industry publication ShippingWatch.
Several factors have indicated that Toft was headed to Geneva, where MSC is headquartered. As ShippingWatch reported earlier this week, only the three European competitors Hapag-Lloyd, CMA CGM and MSC seemed like realistic candidates for Toft’s next workplace. And since the first two are publicly listed companies, everything seemed to point to the Aponte family’s shipping company.
ShippingWatch, in analysing why a move to MSC was likely had this to say earlier in the week:
For Geneva-based MSC, it would be a completely new era if the Aponte family alone no longer constitutes the top executive team. In addition to being Maersk’s competitor, the company is a partner in the 2M alliance. But as most people one speaks to at the two companies say, they are mainly competitors, and as such one could say that the hiring of Toft would be close to the best catch MSC could make, as it would gain insight into the business processes at the shipping company it has been striving to topple since its creation in 1973.
It is not clear how a reorganisation at MSC will be handled. The current president and chief executive is Diego Aponte, the son of controlling shareholder Gianluigi Aponte.
But the group also has big cruise ship interests, so a division of leadership could be carried out.
Toft confirmed this week that he left the company he joined in 1994 for a big chief executive role.
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