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PIL Appoints Lars Kastrup as chief executive officer

PIL Lars_Kastrup_COE_PIL.jpg
Pacific International Lines (PIL) announced the appointment of Mr Lars Kastrup as chief executive officer (CEO) of the company.

Formerly co-president and executive director since March 2021, Kastrup brought to PIL his wealth of experience and expertise as a shipping industry veteran with over 30 years of experience, holding leadership positions including CEO of NOL/APL and various senior positions in CMA CGM and Maersk.

Mr S. S. Teo, Executive Chairman, PIL, said Since Lars joined us in July 2020, first as Senior Advisor followed by Co-President and Executive Director, he has kick-started various commercial and operational initiatives which have enabled the company to benefit from the strong market. He was instrumental in the restructuring, streamlining and optimisation of our trade network and vessel deployment aimed at transforming PIL into a strong and efficient shipping line.

Kastrup is responsible for leading PILs continued growth and development including its sustainability transformation path towards net zero carbon emissions.

I will continue to work with the Board, Executive Chairman, and all the great teams at PIL, on shore and at sea, to position PIL to become even more competitive and agile, and to excel at anticipating and meeting the needs of our customers. We will push ahead to strengthen our connectivity, and deploy and renew our assets optimally and efficiently, all supported by further digitalisation. I am also excited at being able to help bring PIL towards achieving our target of net zero carbon emissions by 2050. Kastrup said.

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