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Dubai-based ports and logistics giant DP World Limited announced the appointment of His Excellency Essa Kazim as the new chairman and Yuvraj Narayan as group CEO
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The appointment came after the February 13 resignation of Sultan Ahmed bin Sulayem, who held both positions
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Sulayem stepped down as pressure mounted from global investors following his alleged links with convicted American sex offender Jeffrey Epstein
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Kazim currently serves as governor of the Dubai International Financial Centre and chairman of Borse Dubai
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Narayan, who joined DP World in 2004, has extensive professional experience in financial management, corporate finance, supply chains, and global trade
Dubai-based ports and logistics giant DP World Limited announced the appointment of His Excellency Essa Kazim as the new chairman and Yuvraj Narayan as group chief executive officer following the February 13 resignation of Sultan Ahmed bin Sulayem who held both positions.
Sulayem stepped down as pressure mounted from global investors in the aftermath of his name’s appearance in the controversial files of convicted American sex offender Jeffrey Epstein, according to global media reports.
Kazim currently serves as governor of the Dubai International Financial Centre and chairman of Borse Dubai, according to a media release from the Government of Dubai, the majority owner of DP World.
“He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions,” it said.
Narayan, meanwhile, has extensive professional experience in financial management, corporate finance, supply chains, and global trade.
He joined DP World in 2004 and has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.
Narayan served as group chief financial officer since 2005.
“DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics,” the Dubai government said.
READ: DP World revenues up 20.4% in first half
DP World, through DP World Australia (POAL) Pty. Ltd., is the foreign strategic partner of Asia Terminals, Inc. (ATI).
It holds a17.36% share in the Philippine’s second biggest port operator, which handles the Manila South Harbor, the Port of Batangas, and off-dock container yards in Sta. Mesa, Manila and Calamba City, Laguna.
READ: ATI, DP World deploy 15 e-vehicles at Manila South Harbor
