Maersk Elects Former Adidas Boss for its Board and Re-elects Four Members

Photo credit: Adidas

Danish shipping major Maersk elected former Adidas boss Kasper Rørsted in the company´s board of directors. The company states that the election period involves the years 2023 to 2025.

At the Annual General Meeting of Maersk on 28 March 2023 the Board decided to elect Kasper Rørsted as new member of the Board of Directors. In the general meeting of A.P. Møller – Mærsk Bernard Bot, Marc Engel, Arne Karlsson and Amparo Moraleda were re-elected as members of the Board of Directors.

The company´s Board of Directors consists of Robert Mærsk Uggla, Bernard Bot, Marc Engel, Arne Karlsson, Amparo Moraleda, Thomas Lindegaard Madsen, Julija Voitiekute, Marika Fredriksson and Kasper Rørsted. It was also adopted in Maersk’s general meeting the Board’s proposal that the company’s management can consist of 2-8 members rather than 3-8 members.

In the meeting the Board was authorised to allow the company to acquire own shares to the extent that the nominal value of the company’s total holding of own shares at no time exceeds 15% of the company’s share capital at the time of granting the authority. The purchase price must not deviate by more than 10% from the price quoted on Nasdaq Copenhagen A/S on the date of the acquisition.

This authorisation was to be in force until 30 April 2025, as Maersk declares.

The Danish major with the decision to elect Mr. Kasper Rørsted shows the intention of the company to enrich its board of directors with an international business profile member.

Mr. Kasper Rorsted is a Danish national with a “very rich” experience as CEO and Board member in international companies in IT, consumer goods and chemicals. He is a former CEO of Adidas AG and Henkel KGaA, and serves as board member in Siemens AG, as Maersk stated on 28 February 2023.

Maersk wanted Mr. Rorsted to be elected in the board as he has “strong competencies in digital transformation, leadership development, sustainability, and global business trends.”

It is worth mentioning that Mr. Rorsted and the supervisory board of Adidas mutually agreed that he will step down as CEO and leave the company upon expiry of November 11, 2022.