P&O Maritime Logistics chief executive Rene Kofod-Olsen has quit less than a year into the job.
The experienced Danish executive had been CEO of Topaz Energy and Marine since 2012. He took on the top job at P&O Maritime when DP World bought Topaz for nearly $1.1bn last July.
P&O Maritime has appointed Martin Helweg as its new CEO.
For the past three years, he has been responsible for P&O Maritime Logistics’ global operations.
Helweg will report to Mike Bhaskaran, DP World’s chief operating officer for logistics and technology.
Before this, he had spent more than 15 years at AP Moller-Maersk's salvage company Svitzer, in regional chief financial officer and CEO roles across the Americas, Europe, the Middle East and Asia.
Kofod-Olsen was also a former Maersk man, working at Svitzer for 15 years.
When asked whether Kofod-Olsen had resigned, P&O Maritime told TradeWinds: "Rene left P&O Maritime Logistics to pursue other opportunities.
"However, DP World are very grateful and thank him for his leadership during the acquisition and integration of Topaz Energy and Marine."
Sultan is thankful
Sultan Ahmed Bin Sulayem, chairman and CEO of DP World, added that he is confident that Martin will lead P&O Maritime "into the next stage of growth".
"P&O Maritime Logistics will continue to innovate to offer our customers a wide portfolio of services," he said. "I would like to thank Rene Kofod-Olsen for his contribution to DP World during the transition of Topaz Energy and Marine into P&O Maritime Logistics, and wish him well for the future.”
The company owns and operates about 400 vessels.
Headquartered in Dubai, P&O Maritime has operations globally across all seven continents.
"P&O Maritime Logistics is uniquely positioned in the maritime logistics industry to reshape the market," Helweg added.
"DP World affords us global reach and strength and allows increased investments in the fleet and in technology and innovation. We will leverage these strengths, and our organisation’s core capabilities and maritime legacy to change this industry and deliver maximum value to our stakeholders."
