This investment enables the Group to sustainably strengthen its balance sheet and secure its investment plan, while providing additional funds to support expansion.
Following the issuance, CMA CGM Group shareholders met in General Meeting and approved the new governance organisation, electing as Directors Jacques R. Saad', Rodolphe Saad', Tanya Saad'-Zeenny, Farid T. Salem, Tristan Vieljeux, Denis Ranque and Christian Garin, as well as Robert Y'ksel Yildirim, Evren 'zt'rk and Erc'ment Erdem.
The Board unanimously appointed Jacques R. Saad' as the Group's Chairman and Chief Executive Officer. He will be backed by three Executive Officers, Rodolphe Saad', Farid T. Salem and Philippe Souli'.
With strengthened financial resources and an experienced executive team, CMA CGM Group has begun 2011 on a solid foundation, with the objective of consolidating its worldwide positions.