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Sulayem now CEO and chairman of DP World

DP World has confirmed the appointment of chairman Sultan Ahmed bin Sulayem as permanent chief executive with immediate effect.
DP World has confirmed the appointment of chairman Sultan Ahmed bin Sulayem as permanent chief executive with immediate effect.
DP World has confirmed the appointment of chairman Sultan Ahmed bin Sulayem as permanent chief executive with immediate effect.

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Dubai's DP World, one of the world's biggest port operators, has appointed chairman Sultan Ahmed bin Sulayem as permanent chief executive with immediate effect, the company said on Monday, two weeks after he took interim charge following the retirement of the former CEO Mohammed Sharaf.

Sulayem will hold both roles simultaneously, DP World said in a bourse statement.

On Jan. 27, the company announced long-serving chief executive Mohammed Sharaf had retired.

Meanwhile, DP World said its 2015 annual gross container volumes rose 2.4 percent on a like-for-like basis and increased 3 percent on a reported basis.

Gross volumes totalled 61.7 million twenty-foot equivalent units (TEU) in 2015, up from 59.9 million TEU in 2014, the company said in a statement.

Annual consolidated volumes, at terminals over which DP World has control, were 29.1 million TEU, up 1.7 percent on a like-for-like basis and 2.7 percent higher on a reported basis.

Like-for-like volumes are prepared to "normalise for divestments and new capacity", DP World added.

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