MSC names Maerskā€™s Søren Toft head of container businesses

2/28/2020

Mediterranean Shipping Co has announced the appointment of Søren Toft as the new chief executive of its container businesses

“MSC is delighted that Mr Toft will be supporting the Aponte family at the helm to ensure that the company remains a global leader in the years to come,” it said in a statement.

He will report to Diego Aponte, group president of MSC, and Gianluigi Aponte, the group chairman.

“MSC is confident that this appointment will bring significant value to its cargo businesses, building on the company’s existing strengths and boosting its development plans even further,” it added.

Mr Toft’s appointment as head of MSC Mediterranean Shipping Company comes a week after he quit his role as chief operating officer at Mærsk “to pursue an opportunity outside of the company”.

“He leaves an agile and strong operating organisation and we all wish Søren the very best in the future,” Maersk chief Søren Skou said in a statement.

Mr Toft worked at Maersk for 25 years, and had held the COO role since 2014.

Speculation over Mr Toft’s reasons for leaving Maersk began to emerge last week when he told Danish press he was looking for a chief executive role.

Media reports suggested that Mr Toft would be taking over from MSC’s Diego Aponte, who would then move up to the chairmanship role as his father, MSC founder and chairman Gianluigi Aponte, stepped down from daily involvement in the company.

But a statement from MSC today said that “both Diego and Gianluigi Aponte will retain a close, hands-on role at the top of the business”.

Diego Aponte, who was president and chief executive, is taking on the president role for all of the company’s activities, including its cruise shipping and terminal interests, and Mr Toft taking over the company’s container line operations as chief executive for container shipping and logistics.

Gianluigi Aponte will remain as chairman of the company.