Leadership reshuffle at DP World and a PCFC appointment

DP World reshuffles leadership amid scrutiny

DP World appointed longtime executive Yuvraj Narayan (LinkedIn) as group CEO, with the former CFO stepping into the role after Sultan Ahmed bin Sulayem resigned, the firm said in a statement. Essa Kazim (LinkedIn), who also serves as governor of DIFC and chairman of Borse Dubai, was tapped as chairman.

The timing isn’t coincidental: The change follows the release of US Justice Department files referencing bin Sulayem in connection with the late financier and [redacted] offender Jeffrey Epstein, intensifying governance scrutiny. As we previously reported, two of DP World’s international partners — British International Investment and CDPQ — suspended future investment deployments into 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.