Søren Thorup Sørensen quits as Group CFO of A.P. Møller-Mærsk while ‘time is right’

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Søren Thorup Sørensen has resigned as Group CFO of A.P. Møller-Mærsk, claiming that in addition to the demanding workload that has negatively impacted his health, “the timing seems right” as the Group suffers first quarter net losses of $373m. He will leave the Group on May 31st.

Mr Sørensen, who was appointed a Partner in Firmaet A.P. Møller on 1 July 2007, said: “After almost three years as Group CFO with A.P. Moller-Maersk, I have to realise that, for some time, the heavy work load has been damaging to my health. I have therefore decided to leave my position and the Group. The timing seems right after the annual report and the Q1 announcement.”

Temporary internal changes in the organisation of the Group will be made to cover Mr Sørensen’s areas of responsibility until a permanent replacement is found.