New CEO at Maersk Supply ServiceCompany News // October 6, 2016
Steen Karstensen, Maersk Supply Service's Chief Procurement Officer, has been appointed CEO of the company with effect from 24 October 2016. He takes over from Jørn Madsen, who was recently appointed CEO of Maersk Drilling.
Mr Karstensen joined the group in 1986 and has had a 30-year-career with the company in procurement, logistics, supply chain, in-house consultancy and other cross-functional areas.
”Steen Karstensen is a widely respected leader who has built a strong global procurement organization serving all of Maersk's business units, generating significant savings. Additionally, he has been responsible for Maersk Oil Trading and Maersk Maritime Technology, which has given him in-depth exposure to also the Energy related aspects of the Maersk business model,” says Group Vice CEO Claus Hemmingsen. “In addition, Steen helped in creating Maersk Management Consulting from scratch, which has brought talent and new thinking to our businesses. I’m excited that he will now take on the challenge in heading Maersk Supply Service in their next chapter of the journey.”
"I am am excited to take on this new role. Maersk Supply Service is currently operating in very tough markets, but nevertheless is well positioned to broaden its scope of operations,” said Mr Karstensen. “A strong balance sheet gives the business a position of strength, from which it can be part of the consolidation and restructuring that inevitably will take place in the industry.”