Paul Reed to join Maersk Tankers’ Board of Directors as Vice Chairman
Press release
Reed has worked for 37 years with BP where since 2010 he has led the oil major’s Integrated Supply and Trading division to become one of the industry’s largest oil and gas traders, serving over 12,000 customers across more than 140 countries.
“I am proud to welcome Paul to Maersk Tankers’ Board. He brings a wealth of experience, which will contribute to the development of Maersk Tankers. Paul comes from one of the largest customers of Maersk Tankers and our industry. He has been recognized for embracing new technologies to develop one of the industry’s most successful trading platforms. As a leader, he holds a compelling record of building strong teams, embracing diversity of thought,” says Robert M. Uggla, CEO of A.P. Møller Holding and Chairman of Maersk Tankers’ Board of Directors.
Reed has held various leadership positions across BP’s global business, especially in commercial and trading functions. He also has board positions at ICE Futures Europe and Marquard and Bahls.
"I am excited to work with such a dynamic team in one of the industry's leading companies as they embrace the opportunities of new technologies and face the challenges of an evolving market."
Reed graduated in Classics from Durham University and attended the Programme for Management Development at the Harvard Business School.
Reed retired from BP in 2017.
About Maersk Tankers
Maersk Tankers and affiliated companies operate one of the largest tanker fleets in the world through direct ownership and commercial management solutions for shipowners. Our purpose is to pioneer shipping solutions for our customers, partners, and the planet. Founded in 1928, we have a century of expertise in management of tankers, which we use to develop and deploy solutions that help shipowners boost the economic and environmental performance of their vessels. Maersk Tankers employs approximately 300 people and is headquartered in Copenhagen, Denmark. Maersk Tankers is owned by A.P. Moller Holding. Additional information is available at www.maersktankers.com.