The Board of Directors of the French
Group CMA CGM, a worldwide leading shipping company, met 24 November 2017 to
decide the change in governance of the Group and examine the third quarter 2017
financial results, says a company release.
In accordance with the wish of Jacques
Saadé and after having reunited the positions of CEO and Chairman of the Board,
the Board of Directors has decided to appoint Rodolphe Saadé to the position of
Chairman of the Board and Chief Executive Officer of the CMA CGM Group, and
Jacques Saadé Founder-Chairman.
Jacques Saadé stated:
Saadé, Chairman and CEO of the CMA CGM Group, declared:
“To prepare the future, last February
7th I appointed Rodolphe Saadé to the position of Chief Executive Officer. His
strategy has delivered very good operational and financial results. The Group
is strong. I am very confident in its future. That is why I have decided to
entrust to Rodolphe the Chairmanship of the Group in addition to his current
responsibilities as CEO. He has the full support of the Board of Directors, the
management team and the 29 000 employees with whom he will pursue the
development of the CMA CGM Group, to which I dedicated my entire life.”
“My father’s decision is an historic
one for our Group which became a key global player under his chairmanship.
Jacques Saadé is both an extraordinary entrepreneur and visionary. I will
pursue with determination the development of our group and strengthen its
position as a leader.”