New CEO Takes Helm in Maersk Supply Service

Maersk Supply Service has appointed Steen S. Karstensen as a chief executive officer effective October 24, 2016.

He previously held a position of chief procurement officer, and takes over the new role from Jørn Madsen, who was recently appointed CEO of Maersk Drilling.

Steen S. Karstensen joined the Group in 1986 and has had a 30-year-career with the company.

”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,” said group vice CEO Claus V. Hemmingsen.

He added: “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.”

Steen Karstensen’s previous role in procurement included overseeing Maersk Maritime Technology, Maersk Oil Trading and Maersk Management Consulting.

“I’m 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,” Steen Karstensen said.

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