Neptune Orient Lines, the parent company of APL, will name Flemming R. Jacobs, a partner of Denmark’s A. P. M'ller group, as its new group president and Chief Executive Officer.
Jacobs, 55, was executive vice president of Maersk Line until 1991 and is currently chief executive of Maersk Tankers. He will replace Lua Cheng Eng, currently group deputy chairman and CEO of NOL on June 2.
Lua will step down as the top executive officer of NOL to become group chairman, replacing H. R. Hochstadt, who is retiring.
The recruitment of a westerner to head the Asian company follows the announcement of record losses by NOL for 1998.
After the resignation of Jacobs from A. P. Moller, the remaining partners of the Danish shipping group will be M'rsk Mc-Kinney M'ller, Jess S'derberg, Ib Kruse, Bjarne Hansen and Knud E. Stubkj'r.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now