ATP praises Maersk for quality boost – but criticizes chairman remuneration

Danish transport and logistics company A.P. Møller-Maersk has basically built a "stronger base business," says ATP. However, this does not prevent the Danish pension major from criticizing Chair Jim Hagemann Snabe's pay-level, the state pension fund and Maersk shareholder said at the shipping company's AGM.
"Over the last three years, we have seen a company that, to a much greater extent than before, has delivered on the announced expectations," said the ATP Head of Equities, Claus Wiinblad in his speech during Danish transport and logistics company A.P. Møller-Maersk's virtual AGM. | Photo: Stine Bidstrup/ERH
"Over the last three years, we have seen a company that, to a much greater extent than before, has delivered on the announced expectations," said the ATP Head of Equities, Claus Wiinblad in his speech during Danish transport and logistics company A.P. Møller-Maersk's virtual AGM. | Photo: Stine Bidstrup/ERH
BY SØREN PICO, SHIPPINGWATCH

Danish state labor market pension fund and Maersk shareholder ATP sees a "fundamental quality boost in the operation of A.P. Møller-Maersk", said the pension fund's head of equities, Claus Wiinblad, at Maersk's Annual General Meeting, which, like last year, had gone virtual due to the coronavirus pandemic.

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