Amid a takeover by France’s CMA CGM, Singapore container shipper Neptune Orient Lines (NOL) has named a new chief executive officer and chief financial officer.
Nicolas Sartini will take over as chief executive officer, succeeding Ng Yat Chung, who has served as NOL president and CEO since 2011.
New chief financial officer Serge Corbel will join Sartini as executive directors of the newly constituted 10-member NOL board.
Ng will continue as executive director on the NOL board and will be a special adviser to the new chairman, Rodolphe Saadé, who is also the vice chairman of CMA CGM.
Saadé succeeds Kwa Chong Seng, who has served the NOL board chairman for five years.
Kwa, meanwhile, will remain on the board as an independent director.