DP World Limited Director Changes
Dubai, United Arab Emirates, October 27, 2009:- DP World Limited announces the following changes to the Board:
Yuvraj Narayan will step down as Chief Financial Officer at the Board meeting on 10th December 2009 when he joins Dubai World taking on the role of Group Chief Financial Officer. The Board of DP World has commenced a search for a new CFO and a further announcement will be made in due course.
Sultan Bin Sulayem Chairman of DP World said:
'The Board and I would like to take this opportunity to thank Yuvraj for his hard work and commitment to DP World over the last 5 years.”
Mohammed Sharaf, CEO of DP World said:
“Yuvraj has been involved in the dramatic growth of DP World and has been instrumental in building our strong balance sheet. We wish him well in his new role at Dubai World.”
As was announced on 18 September Jamal Majid Bin Thaniah, Executive Vice Chairman of DP World Limited, has been appointed as Group Chief Executive Officer of Dubai World. Jamal therefore becomes Non-Executive Joint Vice Chairman of DP World Limited. He will continue to play a pivotal role in the development of DP World supporting both the Board and Company.