APM Terminals Honors Graduates

The Hague, Netherlands – Graduation ceremonies were held for the APM Terminals MAGNUM/MAGNET leadership class of 2007 in The Hague, Netherlands. At the ceremony, company leaders emphasized the importance of people to deal with the tough times ahead and ability to find new solutions to emerge best out of the crisis.

The MAGNUM/MAGNET program is a leadership training program designed to serve the company’s global business needs of the future. Candidates must qualify for the 24 month intensive process that covers all aspects of the port business as well as global business. Candidates can choose from four training programs: MAGNUM is for future terminal leadership; Technical MAGNUM for developing technical leadership; MAGNET is for professionals who aspire to step into managerial/operational roles at their local terminals; Finance MAGNET develops future CFOs. The graduates hailed from Jordan, India, Denmark, Netherlands, China, United Kingdom, USA, Egypt, Malaysia, Mauritius, South Africa, Oman, Spain, Jamaica, France, Taiwan, Senegal, Belgium, Chile, Cameroon and Pakistan.

The top graduates were:

MAGNUM: Kurt Sulzbach, Terminal Manager, APM Terminals, Oakland, California

MAGNET: Prakash Krishnamoorthi, Commercial Manager, Port of Salalah, Oman

Technical MAGNUM: Salim Jarrar, Technical Manager, Aqaba Container Terminal, Jordan

Finance MAGNET: Sunil Bansal, Deputy CFO, APM Terminals Apapa, Nigeria.

A.P. Moller–Maersk Group CEO and APM Terminals Chairman of the Board, Nils Smedegaard Andersen congratulated the graduates, stating “We will build the strongest team in the industry and you will be an important part of it. To succeed, we need great execution – and we need all of you to hit the ground running.”

APM Terminals CEO Kim Fejfer spoke about the company’s current position in the industry, future ambition and challenges ahead for the graduates: “The world and the business environment has changed in a dramatic way. Our ambition is to become the leading terminal operator in the industry and each of you are role models in the organization with an important responsibility on your shoulders to promote business and the way we conduct ourselves as leaders. All of you have received training in A.P. Moller values, leadership, project management, finance and terminal operations. But we should remember that the best place to learn is on the job. It is out there – on the terminals and in the port projects – that the dollars are earned, money saved and productivity improved.

About APM Terminals

APM Terminals, with over USD 3 billion in revenues and over 60 customers in the containership industry, is one of the world’s leading providers of container port operations in 34 countries. Leveraging years of shipping experience and the strength of the A.P. Moller-Maersk Group, APM Terminals provides the port capacity and high productivity operations necessary to serve the constantly changing needs of the international trade sector.

With world headquarters in The Hague, Netherlands and a Global Terminal Network of 50 ports, including 26 port projects, APM Terminals’ goal is to become the port industry’s leading operator.

The company invested USD 723 million in new ports and port projects in 2008, complementing 2007's investments of USD 850 million.