Morten Engelstoft is to take over as chairman of both Through Transport Mutual Insurance Association (TTB) and TT Club Mutual Insurance on the retirement of the present incumbent, Ulrich Kranich.
Engelstoft, former CEO of APM Terminals and COO in Maersk Line, spent 36 years in various positions and across three regions within Maersk. He retired in June 2023 from the position of CEO of APM Terminals.
Ulrich Kranich has been director and chairman of the Club for 16 years.
Three new directors were also announced. Ulrike Baum of Rohlig Logistics who has been on the board since 2016 has stepped down as director.
Marika Calfas of NSW Ports in Sydney has been appointed to the board. John Chambers, currently the specialist director – insurance, who also serves on the TTI Board. Miguel d’Orey of Orey Shipping in Lisbon has also been appointed to the TTI Board.
TT Club, which is a provider of mutual insurance and related risk management services, founded in 1968, has more than 1,100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air.