New CEO for French shipping line

> Rodolphe Saadé takes the reins as CEO of CMA CGM this week.

Jacques Saadé, who celebrated his 80th birthday this week, announced the appointment of his son Rodolphe Saadé as CEO of the CMA CGM Group. Jacques remains chairman of the board of directors.

After having left Lebanon to protect his family from civil war, Saadé moved to Marseilles where he set up the Compagnie Maritime d’Affrètement (CMA) on September 13, 1978, with one shipping line linking Marseilles, Livorno (Italy), Lattakia (Syria) and Beirut (Lebanon).

Rodolphe Saadé was previously executive officer of the CMA CGM group.