Plougmann Andersen is leaving as chief executive of Maersk Supply Services and will be replaced by Maersk Drilling high-flyer Jorn Madsen.

Morten Engelstoft, chief executive of APM Shipping Services, said the appointment comes with Maersk Supply Service entering a new phase of investments and growth in an unstable market with fluctuating oil prices and significant changes.

“Jorn has the perspective and skillset required to maintain Maersk Supply Service as a top quartile performer, particularly in the new market environment,” said Engelstoft.

“For