DP World appoints new chairman and group CEO following departure of Sultan Ahmed bin Sulayem over ties to sex offender.
DP World has appointed Essa Kazim as chairman and Yuvraj Narayan as group CEO after Sultan Ahmed bin Sulayem resigned due to his connections with Jeffrey Epstein. The UAE government cited concerns over their lengthy correspondence, which included discussions on business and troubling remarks about women. Following these revelations, partners like British International Investment and La Caisse paused investments, though British International has since resumed ties after the leadership change. Sulayem’s departure marks the end of a 40-year tenure at the logistics giant, which manages around 10% of global trade.
