Maersk Line CFO to depart?

Organizational changes at A. P. Møller-Mærsk’s (OMX: MAERSK A, MAERSK B) Maersk Line will be reportedly communicated this morning. Those may reportedly include a surprising departure of CFO Peter Ronnest Andersen after 20 years with the company. According to Danish and international shipping newspapers, he will be replaced by former ISS Global A/S director and CFO Jakob Stausholm, who joined Maersk a few months ago. Mr. Stausholm also has a lengthy experience from Shell. Maersk representatives only admitted that a leadership change is on the agenda. In addition to this, some 400 employees are set to lose their jobs, with around 250 of the cuts taking place from Copenhagen.