DP World unveils P&O integration

The terminal business will consist of seven regions, with a Dubai-based head office led by CEO Mohammed Sharaf. P&O’s other businesses – P&O Ferries, P&O Estates and P&O Maritime services – will come under the management of DP World’s parent company, P&F World FZE, headed by Jamal Majid bin Thaniah as Group CEO.

P&O CEO Robert Woods and Mr Sharaf have been working together closely as co-CEOs of DP World since the acquisition, maintaining business as usual while the integration work was carried out. Mr Woods is due to retire in September and will stand down as co-CEO of DP World at the end of June. He will continue in a senior advisory role with the company, overseeing P&O North America until its sale, expected in a few months.

In addition, he will serve as chairman of both P&O Ferries and P&O Maritime Services, and will retain the roles of non-executive chairman for Southampton Container Terminal and Tilbury Container Terminal in the UK. He will also join the board of directors of DP World.