MSC Appoints Toft as CEO of Cargo Business

Swiss headquartered container shipping group MSC has appointed Soren Toft as the new chief executive officer of its cargo business from rival company A.P. Moller Maersk, an MSC spokesman said on Monday.

A start date for Toft has yet to be determined, the spokesman said.

Maersk, the world's biggest container line, said last week that Toft, who had served as its head of operations, had decided to leave the company to pursue outside opportunities.

MSC is the world's second-largest container shipping line and is seen by industry watchers as a challenger to Maersk's position. 

(Reporting by Jonathan Saul; Editing by Susan Fenton)