News Content
DP World's Sulayem becomes CEO upon retirement of Mohammed Sharaf
DUBAI ports operator DP World has appointed chairman Sultan Ahmed bin Sulayem as its permanent chief executive with immediate effect.
The company previously said Mr bin Sulayem would take the role on an interim basis following the retirement of long-serving CEO Mohammed Sharaf on January 27.
DP World said in a bourse statement that Sulayem would serve in both roles simultaneously.
It handled 61.7 million TEU worldwide in 2015, up three per cent. This was driven by growth in both its European and UAE terminals, the company said.
"The second half of 2015 was difficult for global trade," Mr bin Sulayem said.
"Against this challenging backdrop, all our three regions continued to deliver full year volume growth," he said.
DP World expects to add new capacity at Rotterdam (Netherlands), Mumbai (India), Prince Rupert (Canada) and Yarimca (Turkey) this year.
It will also open its third berth at London Gateway (UK), adding 600 TEU, and terminal three at Jebel Ali (UAE), adding 2 million TEU.
The company previously said Mr bin Sulayem would take the role on an interim basis following the retirement of long-serving CEO Mohammed Sharaf on January 27.
DP World said in a bourse statement that Sulayem would serve in both roles simultaneously.
It handled 61.7 million TEU worldwide in 2015, up three per cent. This was driven by growth in both its European and UAE terminals, the company said.
"The second half of 2015 was difficult for global trade," Mr bin Sulayem said.
"Against this challenging backdrop, all our three regions continued to deliver full year volume growth," he said.
DP World expects to add new capacity at Rotterdam (Netherlands), Mumbai (India), Prince Rupert (Canada) and Yarimca (Turkey) this year.
It will also open its third berth at London Gateway (UK), adding 600 TEU, and terminal three at Jebel Ali (UAE), adding 2 million TEU.
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