DP World has announced the appointment of Sultan Ahmed bin Sulayem, who is the current group Chairman of DP World, as the new CEO.
Mr Ahmed bin Sulayem became Chairman of DP World in May, 2007 and has overseen DP World's expansion, including the acquisitions of CSX and the P&O Group to become a leading global marine terminals operator.
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Deepak Parekh, Senior Independent Non-Executive Director, at DP World, said: “The Board is delighted that Sultan Ahmed bin Sulayem has agreed to become group CEO in addition to his role as Chairman.
“It is the unanimous view of the Independent Non-Executive Directors that Sultan is the right candidate to ensure continuity of leadership. His extensive experience and proven track-record makes him extremely well placed to lead the group to the next level.”
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Sultan Ahmed bin Sulayem said: “DP World is a fantastic business that I have been proud to lead over a number of years.
“I look forward to taking on the additional responsibilities of Group CEO with the objective of continuing to implement our global strategy to enable global trade and drive sustained long-term value for shareholders.”
Port Technology recently reported that the previous CEO of DP World had stepped down after serving 23 years at the company and is believed to have gone into retirement.