CMA CGM founder Jacques Saade has passed the chairmanship to his son Rodolphe Saade, eight months after relaying the chief executive baton to him.
The change comes at a time when the French container line continues to be the subject of IPO speculation and just a few months after a successful raid on the bond market.
CMA CGM announced the appointment today with Saade senior taking on what is described as purely honorary position as founder-chairman, with no more operational involvement.
