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 facilitates the global trade of energy to meet the world’s energy needs. The company is a leading player in the product tanker industry, operating one of the largest fleets of vessels and employs over 3,000 employees worldwide. Established in 1928, Maersk Tankers has more than nine decades of experience and expertise in commercial and technical vessel management, providing customers and partners with safe, efficient and flexible services that benefit their businesses.