Giant shipowner AP Moller-Maersk is looking to add experienced former Adidas chief executive Kasper Rorsted to its board.

The Danish national has been proposed by the company and is up for election at the annual general meeting on 28 March.

He will bring the number of directors to nine.

Robert Maersk Uggla is the chairman, and other members include Swedish finance executive Marika Fredriksson, Unilabs chairman Marc Engel and Maersk’s senior decarbonisation integration manager Julija Voitiekute.

Rorsted, 61, had been boss of the German sportswear firm since 2016 and had his contract renewed until 2026.

But he had signalled his intent to step down this year.

The Dane also has experience as an executive and a director in IT, consumer goods and chemicals.

He currently sits on the board of Siemens.

So far 2023 has been a year of big change for Maersk.

Vincent Clerc replaced Soren Skou as chief executive, assembling a new 10-strong executive team.

The group also took the decision to break up the 2M alliance with MSC Mediterranean Shipping Company.

Cooperation will end from 2025, after a 10-year run.

The container shipping industry has gone through a roller-coaster ride during that period, from low markets at the outset to the most extreme freight rates boom during the Covid pandemic.

That boom was accompanied by US government hostility to the cost of freight being apparently dominated by near monopoly groups, and has been followed this year by a slump in rates as demand has fallen off a cliff and led to massive numbers of sailings being cancelled.