Mærsk Mc-Kinney Møller

Source: Wikipedia, the free encyclopedia.
Not to be confused with Maersk Mc-Kinney Moller (ship).

Arnold Peter and Chastine Estelle Roberta (née McKinney) Møller
Awards
Life Honorary Member of the Baltic Exchange

Arnold Mærsk Mc-Kinney Møller (Danish:

shipping magnate.[2] He was a longtime figure at A.P. Moller–Maersk Group
, which was founded by his father.

Personal life

Mærsk Mc-Kinney Møller was born in Hellerup, the son of a Danish father, Arnold Peter Møller, founder of the A.P. Moller–Maersk Group and an American mother of Irish and German descent, Chastine Estelle Roberta (née McKinney) Møller. Mærsk married his high-school sweetheart, Emma Neergaard Rasmussen in 1940 and remained married to her until her death in 2005. They had three daughters: Leise (born 1941), Kirsten, Mrs Olufsen (born 1944), and Ane, Mrs Uggla (born 1948). He ranked 557th-wealthiest person in the world (2007) on the Forbes list with an estimated fortune of 142 billion Danish kroner, which made him the wealthiest person in Denmark until his death.[citation needed]

Business activities

See also: History of Maersk
A.P. Møller – Mærsk headquarters at Nordre Toldbod in Copenhagen harbour

Møller became a partner in the A.P. Moller–Maersk Group in 1940. When Denmark was occupied by Germany during World War II Møller went into exile in the United States and ran the family business from New York until his return to Denmark in 1947. Møller became CEO and chairman on his father's death in 1965. In 1970, Møller became the first non-American member of the board of IBM, a position he held until 1984.

Møller stepped down as CEO in 1993 in favour of Jess Søderberg, but stayed on as chairman of the board until 2003 when, at age 90, he retired completely. He personally controlled a substantial portion of the company's shares until his death. At his death he was Denmark's second-richest man after Kjeld Kirk Kristiansen, according to the Forbes List of Billionaires 2007. This is disputed by the Danish financial magazine Berlingske Nyhedsmagasin, which placed Møller as number one in Denmark and estimated his fortune in 2006 as 141.2 billion DKK, and his personal wealth at 7.0 billion DKK.[citation needed] Most of Møller's fortune was placed in foundations controlling the A.P. Moller–Maersk Group, in which he held a controlling interest.[3]

North Sea oil

In 1962, A.P. Møller–Maersk A/S was granted concession to survey and exploit oil and

Royal Dutch Shell (46%) and Chevron Denmark Inc. (15%).[citation needed
]

The company is a major contributor to the Conservative People's Party and Venstre, the two parties forming Denmark's governing coalition from 2001 to 2011. Smaller contributions have been paid to other political parties, including the Danish Social Liberal Party, Danish People's Party, and formerly the Centre Democrats and the Progress Party. [citation needed]

Succession

Upon his death, his youngest daughter Ane Mærsk Mc-Kinney Uggla took over as chairperson of the controlling foundation of Maersk,[5] and announced a plan to keep the organization mostly the same as a conglomerate of loosely-related businesses.[6]

Philanthropy

The Copenhagen Opera at the harbour

The

Amalienborg Palace, and within sight of his Maersk headquarters. In the same area, Møller donated Amaliehaven, a park between the Palace and the harbour, in the 1980s.[1]

Death

Møller died on 16 April 2012, aged 98, just four days after his last public appearance. He was survived by his three daughters.[7]

Distinctions and accolades

Møller was a knight of the Danish

East Asiatic Company Hans Niels Andersen held the same order), which granted him the title His Excellency. He was awarded the honour of Life Honorary Membership of the Baltic Exchange in recognition of his service to shipping by the Baltic. AP Møller-Maersk has conducted business through Baltic Exchange brokers since the early 20th century and its London company has been a Baltic member since 1951.[8]

The Maersk 2013, a new

Mærsk Mc-Kinney Møller, was named for Mærsk Mc-Kinney Møller.[9]

Coat of Arms of Arnold Mærsk Mc-Kinney Møller
ArmigerArnold Mærsk Mc-Kinney Møller
Adopted2000
MottoPer Aspera Ad Astra ("Through Hardships to the Stars")
Order(s)Order of the Elephant

References

  1. ^ As a Knight of the Order of the Elephant, Mc-Kinney Møller was a member of the 1st class of the Danish order of precedence and thereby to be addressed "Your Excellency".
  2. ^ "Mærsk Mc-Kinney Møller obituary". the Guardian. 22 April 2012. Retrieved 26 October 2021.
  3. ^ Profile, bny.dk; accessed 5 March 2015.
  4. ^ Staten går glip af oliefesten infosite, 4 November 2007. (in Danish)
  5. ^ "Heiress takes helm at Maersk controlling foundation". Reuters. 25 April 2012. Retrieved 21 March 2016.
  6. ^ "Maersk heir to preserve life's work". www.maritimedenmark.dk. Retrieved 21 March 2016.
  7. ^ "Mc-Kinney Moeller, Denmark's Richest Man, Dies at 98". Bloomberg L.P. 16 April 2012. Retrieved 16 April 2012.
  8. ^ "Baltic Exchange Honours Maersk MC-Kinney Moller", Trade and Container Shipping News - JOC. Accessed 23 November 2015.
  9. ^ Profile, finanse.wp.pl; accessed 5 March 2015. (in Danish)

External links

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