"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," he said on the occasion.

Mr. Reed has worked for 37 years with BP and, since 2010, he has led the company’s Integrated Supply and Trading division. He has also 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 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.