New CEO of Eastern Europe in Damco

Damco’s Europe operations have been split into two separate regions and the former Global CFO takes leadership responsibility in the eastern region.

DAMCO125Copenhagen, 24 April 2012 – To enable the right focus on different market priorities, Damco has divided its Europe operations in two regions, East and West Europe. The decision is made in order to deliver growth, profitability and the goals of the overall strategy. New CEO of the East Europe region is Nicholas Kyrzakos, who moves from a position as Global CFO.

“The complexity of the European markets is large and diverse and in order to be successful in these markets there is a need to work with quite different strategies between the more mature and the growth markets”, Damco CEO Rolf Habben-Jansen commented.

“I am happy that Nicholas has agreed to take responsibility as CEO of Eastern Europe and I am confident that this will ensure efficient decision making and a high level of focus”, Rolf Habben-Jansen said.

CEO of West Europe Region remains Flemming Frost. Both the East and West CEO will report to Damco Global CEO Rolf Habben-Jansen.

“This is a very exciting opportunity”, Nicholas Kyrzakos commented.
“The European markets are full of very big challenges and I am looking forward to be working to bring Damco to its full potential in the countries in the Eastern region”, he said.

Nicholas Kyrzakos brings more than 25 years of senior finance and management experience, extensive international business exposure, and a history of dealing with complex challenges. He holds an MBA in Finance.


Further information:
Claus Fonnesbech, Global Media Relations Manager, Damco
Phone: +45 3363 5613
Mobile: +45 2588 4107

About Damco
Damco is one of the world’s leading third party logistics providers specializing in customized freight forwarding and supply chain solutions. The company has 10,800 employees in over 300 offices across 90 countries and representation in a further 30 countries. In 2011, the company had a net turnover of USD 2.8 billion, managed more than 2.5 million TEU of ocean freight and supply chain management volumes and air freighted more than 110,000 tons. Damco is part of the A.P. Moller – Maersk Group.

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