Dubai: Ports and Free Zone World (P&F World), a new firm set up as a subsidiary of holding company Dubai World to manage operations of DP World and P&O, has named its international board of directors.
DP World chairman Sultan Ahmad Bin Sulayem will be the chairman of the newly-constituted board. Sir John Parker, chairman of British firm Peninsular and Oriental Steam Navigation Company (P&O) that was bought by DP World in February for $6.8 billion, will be the board's vice-chairman, according to a Ports and Free Zone World statement.
Although Dubai is the new owner of P&O, the British firm continues to retain its old identity and brand name. Its business now falls under the purview of Ports and Free Zone World, an umbrella firm that also handles Jafza's business. It formally comes into being from today.
The group now manages 52 container terminals spanning 30 countries and five continents.
DP World officials told Gulf News earlier in June that Dubai had no intention of giving up the P&O brand.
P&O will continue to do business as a separate unit in areas where it is present, the officials said.
Other board members include P&F World group chief executive officer Jamal Majid Bin Thaniah, P&O chief executive officer Robert Woods, and DP World chief executive officer Mohammad Sharaf.
