The top spot at CMA CGM Group has been passed from one generation to another, MANA correspondent reported.
Jacques Saadé announced on his 80th birthday that his son Rodolphe Saadé would take over as the French shipping line’s next chief executive officer.
Jacques Saadé, who founded the company 1978, will remain chairman of the board of directors.
Previously executive officer, Rodolphe Saadé has been with CMA CGM since 1994.
“Rodolphe has proven himself over the years, and he has my deepest trust as chief executive officer of the group,” Jacques Saadé stated.