P&O Nedlloyd CEO Resigns

Tim Harris, a director and chief executive of Anglo-Dutch container shipping venture P&O Nedlloyd has resigned effective immediately.

"There was a divergence of views between Tim and the rest of the board on issues relating to the future management of the group and he has therefore decided to pursue his career elsewhere," P&O Chairman Lord Sterling said.

P&O director Robert Woods had been appointed by the joint venture as group managing director. The company also said Royal Nedlloyd's deputy chairman and chief financial officer, Haddo Meijer, had been appointed chairman of P&O Nedlloyd's executive committee.