Kapoor became CTIO in February 2020 and will sit on the board from 1 April 2021, with five colleagues: A.P. Moller – Maersk CEO, Søren Skou and CFO, Patrick Jany, CEO of Fleet & Strategic Brands, Henriette Hallberg Thygesen, CEO of Ocean & Logistics, Vincent Clerc and APM Terminals CEO, Morten Engelstoft.
The elevation of CTIO to the executive board alongside the heads of Maersk’s main business units is a clear indicator of the significance of digital technologies in Maersk’s business.
“Technology today is mission critical for A.P. Moller - Maersk and for our transformation. To succeed, we are investing in modern technology platforms with end-to-end standardised core processes. Navneet Kapoor has done an excellent job in accelerating this agenda since he took on the position as CTIO last year and brings unique and critical perspectives to our business transformation,“ said Søren Skou, CEO of A.P. Moller - Maersk.
Kapoor’s remit covers the leadership of Maersk’s digital transformation, standardisation across the company, and drawing competitive advantage from technology.
Jim Hagemann Snabe, Chairman of the Board of A.P. Moller - Maersk said: “A key pillar in our transformation is the use of technology to improve the interaction with our customer and build competitive advantage. The role of the CTIO is key to executing this next part of our strategy and having Navneet Kapoor joining the Executive Board is a recognition of the importance and impact of Technology and of his personal capabilities.”
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