DP World names a new CEO and Chairman: DP World has appointed Yuvraj Narayan (LinkedIn) — who is stepping up from group chief financial officer — as group chief executive officer (CEO) after long-serving CEO Sultan Ahmed bin Sulayem resigned with immediate effect, according to a press release. The firm has also tapped Essa Kazim (LinkedIn) — who serves as governor of DIFC and chairman of Borse Dubai — as chairman.

The timing isn’t coincidental: The change follows the release of US Justice Department files that referenced bin Sulayem in connection with the late financier and convicted [redacted] offender Jeffrey Epstein, intensifying governance scrutiny. Two of DP World’s international partners — British International Investment (BII) and CDPQ — suspended future investment deployments in joint projects following the disclosures.

Another ports reshuffle in Dubai

From DP to PCFC: Dubai Ruler Mohammed bin Rashid Al Maktoum has issued a decree appointing Abdulla bin Damithan (LinkedIn) as chairman of the Ports, Customs, and FreeZone Corporation (PCFC), according to Dubai Media Office.

The profile: Bin Damithan currently oversees DP World’s GCC operations across ports, economic zones, marine services, and trade solutions. A company veteran since 2001, he previously served as CEO and managing director of DP World UAE, leading strategy across the group’s core regional markets.

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